Reeves to meet US Treasury Secretary ‘shortly’ in trade deal race April 8, 2025 Chancellor Rachel Reeves has said she plans to meet US Treasury secretary Scott Bessent as President Donald Trump is yet to offer allies any reprieve from his tariff policy. The UK is facing ten per cent tariffs on its goods exports to the US, putting the government under pressure to agree a deal that protects [...]
China vows to ‘fight to the end’ against latest Trump tariff threat April 8, 2025 Tensions between the world’s two largest economies have increased overnight as Beijing vowed to “fight to the end”, in response to a new wave of US tariffs. The statement followed a dramatic escalation by president Donald Trump, who threatened an additional 50 per cent tariff on Chinese goods, unless Beijing reverses its newly announced 34 [...]
Trump threatens 100 per cent tariffs on China April 7, 2025 President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]
China imposes 34 per cent reciprocal tariffs on US goods April 4, 2025 China has announced it will impose reciprocal tariffs on US good after US President Donald Trump unveiled huge customs taxes yesterday, 2 April. The reciprocal tariff on US goods will be 34 per cent, the Ministry of Commerce said on Friday. As of 2 April, America has a 54 per cent tariff on Chinese goods [...]
Trump tariffs to drag global growth down by trillions of dollars April 3, 2025 Donald Trump’s tariffs is set to drag the world economy down by trillions of dollars, according to forecasts by leading economists. The International Monetary Fund estimates the current global economy is worth more than $115 trillion and it has been predicted to grow by around three per cent, per various forecasts. But since Trump announced [...]
US tariffs: Keir Starmer vows to ‘keep cool head’ in face of ‘economic impact’ April 3, 2025 Sir Keir Starmer has vowed to “keep a cool head” in the face of the “economic impact” of Donald Trump’s 10 per cent tariffs on UK exports to the US, amid fears of a wider trade war. The Prime Minister spoke to business chiefs in Downing Street this morning in the wake of sweeping global [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Gold just broke another record: Is it a bubble? March 19, 2025 Gold prices hit another record high this morning, reaching a peak of $3,046 (£2,349) just days after finally breaking the $3,000 barrier. The price of the precious metal has roughly doubled since the start of this decade, leading many to question whether gold can continue climbing. The rise in prices has come amid Middle East [...]
No 10 says Donald Trump’s tariffs not responsible for UK economy shrinking March 14, 2025 Donald Trump’s tariffs are not responsible for the UK economy shrinking in January, Downing Street has said, in a position that appears to contradict the Chancellor’s reaction to the latest poor economic figures. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank [...]
Ed Miliband in China for climate meetings amid new investment approach March 14, 2025 Energy secretary Ed Miliband is in China for climate meetings in a bid to restart the government’s environmental dialogue with the Asian nation. The energy security and net zero secretary will meet Chinese counterparts Wang Hongzhi and Huang Runqiu to pursue efforts to work jointly to slash emissions, the government said. It marks the first [...]