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 [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
Starmer under US pressure to reject Chinese “super-embassy” in London February 27, 2025 Two senior figures in US-China relations in Congress have called on Lord Mandelson to block the development of a huge 700,000 square foot Chinese ‘super-embassy’ in the heart of London – in a fresh diplomatic headache for Sir Keir Starmer ahead of his crucial meeting with President Trump. Reps John Moolenaar and Chris Smith, in [...]
Vietnam defeated America, can it beat China too? February 27, 2025 'Escape from China' is the watchword in Vietnam for businesses offering an alternative to Beijing's communist encroachment, says Rainer Zitelmann.