Cliff Notes – US trade court blocks Donald Trump | US News A US trade court has blocked Donald Trump’s proposed global tariffs, ruling he…
Browsing: US tariffs
The United States and China have agreed to a temporary reduction in the tariffs they impose on each other’s imports, marking a significant—if short-term—easing in trade tensions between the two economic powers.
Cliff Notes – UK-US trade deal ‘isn’t worth the paper it’s written on Nobel laureate Joseph Stiglitz criticises the UK-US trade deal, stating it “isn’t…
Donald Trump is expected to announce a trade deal with the UK today, following reports from the New York Times.
Donald Trump has announced he will hit foreign-made movies with 100% tariffs sending shockwaves through the entertainment industry. Trump says the US film industry is dying as filmmakers have been leaving Hollywood for cheaper destinations such as Canada and the UK.
Donald Trump’s proposed 100% tariff on foreign films could severely impact the UK’s recovering film sector, according to industry leaders.
China’s Commerce Ministry is evaluating the Trump administration’s approaches for trade talks, but one-sided tariffs up to 145% are seen as a significant barrier, undermining trust between the two nations.
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
The “de minimis” rule exempts low-value imports from customs tariffs, with thresholds varying by country (£135 in the UK, $800 in the US).
Prime Minister Mark Carney’s Liberal party is projected to win Canada’s federal election, though a majority of 172 seats remains uncertain.
The upcoming Canadian election is heavily influenced by the “Trump effect,” with increased nationalism shaping voter preferences, particularly against conservative opposition closely aligned with Trump.
Donald Trump’s tariffs and trade policies are prompting global economic policymakers to reassess their strategies while highlighting concerns about trade imbalances and reliance on a single economic partner, particularly China.
The chancellor is back on the front pages this morning ahead of a meeting with her American counterpart. Rachel Reeves is in the United States in hopes of securing a trade deal but has warned she will not rush it.
The ongoing choas from Trump’s tariffs are back on the UK front pages as the IMF cuts global growth rates and confirms the UK is set to be amongst the hardest countries hit. The US has received the biggest downgrade amongst advanced economies as anxiety drives gold up amid Trump’s constant attacks on the Federal Reserve boss Jay Powell. There are concerns over how independent the central bank is and general worries over the state of the US economy.
Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.
Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.
Hangzhou is emerging as a major tech hub in China, often referred to as the country’s ‘Silicon Valley’, with significant companies like Alibaba and DeepSeek leading the charge.
As of 22 April 2025, U.S. stock markets remain volatile following the April 2nd crash, which wiped over $3 trillion in value after President Trump’s sweeping tariffs—up to 125% on Chinese imports—sparked global trade tensions.
The trade war with China continues to escalate, with the U.S. imposing steep port fees on Chinese-built vessels and restricting AI chip exports, prompting retaliatory tariffs from Beijing. China has also warned it will retaliate against countries that negotiate trade deals with the US “at the expense of China’s interests”, fuelling global tensions as the world’s two economic superpowers face off over tariffs.
These developments have contributed US dollar weakening with the Dollar Index hitting a three-year low amid investor concerns over Federal Reserve independence and economic outlook.
US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
Vice President JD Vance’s comments that a UK-US trade deal is on the table and both countries are working hard to secure a deal makes several newspaper headlines, as does the latest from the US tariffs amid claims that new tariffs (on pharmaceuticals and big tech) are to come into effect ‘soon.’
The business newspapers are focused on the tariffs and the effects on businesses and the stock markets.
It’s another wet and windy start in the capital, with grey skies hanging over the city and suits marching off to work. I’m sure most are looking ahead to the long weekend. But until then, there’s still a lot happening across the country and around the world that you need to know!
The headlines are packed with various domestic and international stories, with no one story really dominating that much – although we expect that’ll change later today when the US stock markets open.
For now, the Birmingham bin strikes, a potential UK-US deal and a splash of budget talks and celebrity gossip lead the headlines.
The sports headlines look at how agonisingly close Aston Villa came to overturning their second-leg goal deficit. Other headlines look ahead to tonight’s Real Madrid vs Arsenal second leg – the North London club go into the clash ahead thanks to a 3-0 win in the first leg.
China’s economy recorded a 5.4% annual growth in the first quarter of 2025, bolstered by strong exports as companies aimed to circumvent imminent U.S. tariff increases.
The White House is reviewing trade agreements from over 15 countries, with some announcements expected soon, according to Press Secretary Karoline Leavitt.
The US tariff situation may have fallen off the front pages of many newspapers, but the business media remains on top of the latest news from Washington. Despite Trump issuing an exemption for big tech in his tariffs on China, he has since signalled that it’s only a temporary measure and investigations are under way into the semiconductor and pharmaceutical trade – which could lead to their tariff exemptions ending.
It’s a wet and windy morning here in the capital, but lots is happening in the news – grab yourself a coffee and let’s dive into the headlines.
The ongoing Birmingham bin strike is a popular story in the country this morning as unions overwhelmingly rejected a deal to end the strike. Several newspapers suggest the strike could spread outside the city – and there are reports on the growing concerns over a potential health crisis as residents report streets being overrun by large rats and trash.
There is backlash from China amid the British Steel crisis – after the government dramatically took over control of the Scunthorpe plant over the weekend – as Beijing warns the UK to avoid politicising the situation. There are concerns from the top that the Chinese owners are intentionally trying to sabotage the UK steel industry to force the country to become more reliant on cheap Chinese steel.
On the international front, there are reports on the all-female Blue Origin team that took a trip to space. Katy Perry and Gayle King were amongst the crew.
The business publications continue their heavy coverage of the US tariffs saga amid an investigation into the semiconductor and pharmaceutical trade – which could lead to their tariff exemptions ending. In recent news, JD Vance has said there is a good chance the UK will secure a trade deal with the US.
In sports news, Newcastle manager Eddie Howe is in hospital with pneumonia, he is set to miss more matches. Several publications look ahead to tonight’s Champions League match involving the English club Aston Villa. The Birmingham club need to overturn a 2 goal deficit.