Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa – but can that last?

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

Biden White House to expand tariffs on Chinese trade

President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump

Hungary rolls out red carpet for Xi in final leg of European tour

Warm welcome for Chinese president contrasts with rest of EU, with up to 18 cooperation agreements expected

EU restates readiness to launch trade war with China over cheap imports

Bloc ‘will not waver’ from making tough decisions to protect economy and security, says Ursula von der Leyen

OECD forecasts will be blow to Sunak’s claims UK economy is improving

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

Why are billionaires scared of Brazil’s plan to hit them with a global tax? Because it makes perfect sense

As the fortunes of the super-rich soar, a proposed annual levy of 2% could offer a corrective – and they will fight it tooth and nail, says the Guardian’s economics editor Larry Elliott

UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

Ireland reaps €700m Brexit bonanza from customs duties

Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain

Three and a bit years after Brexit, are border checks finally here?

Sort of: this week will see inspections of some goods. But the hit to businesses and inflation will be inescapable

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

Increase in cost of crude could drive inflation up and force central banks to keep interest rates high

The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich

Editorial: Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy

Most difficult global outlook since 1930s heralds end of US-led world order

IMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverse

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020