Browsing: US tariffs Live

The US-China trade war is in full flow as the rest of the world holds its breath, wondering, hoping and perhaps even praying that Trump sees some sense.

There are whispers in the corridors of Congress between Republicans and Democrats as to how they can either curb the president’s war or usurp him. There is far too much at stake for Congress not to intervene.

A proposed 50% tariff on all Chinese goods, combined with existing tariffs, could result in over 100% tariffs, severely crippling trade between the US and China.

A significant increase in tariffs, including a stunning 104% levy on Chinese imports, is set to take effect, creating volatility in Asian markets. This development follows an overall downturn in the U.S. stock market, where the S&P 500 fell 1.6%, indicating widespread investor concern regarding the ongoing trade war.

Chancellor Rachel Reeves is set to meet with top City executives to assess the impact of President Trump’s tariffs on the UK Economy.

The global financial markets are experiencing a downturn due to US tariffs imposed by President Trump, raising fears of an escalating trade war and potential global recession.

Trading has just restarted in Europe and all the main stock markets are showing a slight rebound from the previous falls.

China has responded to President Trump’s threat of a 50% tariff on its imports by stating it will “fight to the end” and take countermeasures to protect its interests. The Commerce Ministry condemned the U.S. actions as “completely groundless” and labelled them as unilateral bullying.

China has warned of potential “countermeasures” in response to Donald Trump’s proposed 50% tariff on Chinese imports, describing US actions as unilateral bullying and illegitimate.

The UK’s economic options are severely constrained due to high borrowing and record tax levels, limiting the government’s ability to respond to the economic shock caused by Trump’s tariff announcement.

Today’s headlines – in print and online – are, of course, dominated by the ongoing fallout from Donald Trump’s Liberation Day tariffs as the PM promises to protect British business and stock markets continue to fall. There are fears of a US recession – and a global economic meltdown.