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China’s 84% tariffs on US products come into force amid market relief after Trump pauses steep tariffs elsewhere
China says Donald Trump’s trade war with Beijing “will end in failure” for Washington, hours after the US president announced he would increase his tariffs on the country’s imports to 125%.
China’s own 84% retaliatory tariffs on US imports came into effect on Thursday amid an escalating trade war between the world’s two biggest economies.

Founders and experts share how they’re navigating rising costs, supply chain pressures, and anti-Asian sentiment to keep their heritage-centered brands alive The post How are Asian American business ...

Founders and experts share how they’re navigating rising costs, supply chain pressures, and anti-Asian sentiment to keep their heritage-centered brands alive The post How are Asian American business ...

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn
Good morning. Two main pieces of news from Donald Trump yesterday: he has rolled back water efficiency standards to because he likes “to take a nice shower to take care of my beautiful hair”; and he has he applied to many countries last week to 10% – but increased them for China. “No longer will showerheads be weak and worthless,” the White House said. This will come as welcome news for the many investors who have recently been taking a bath.
It was a pretty chaotic change, all told: there were contradictory messages from Trump’s advisers on which countries would be affected, why he did it, and what Beijing should expect to happen next. Still, the markets breathed a large sigh of relief, and the S&P 500 had one of the strongest days of its postwar history. This morning, share indices in Asia have jumped in turn.
Gaza | Israeli aircraft struck a residential block in war-ravaged northern Gaza on Wednesday, killing at least 23 people, including eight women and eight children , as the Israeli military is reportedly preparing to seize the entire city of Rafah.
Trade | The UK and India , businesses were told on a call with negotiators this week. There are hopes the UK government will succeed in finalising a highly coveted trade deal with India, a booming economy of 1.4 billion people, this year.
Smartphones | Almost all schools in England , according to a survey run by Rachel de Souza, the children’s commissioner for England. Among 15,000 schools, 99.8% of primaries and 90% of secondaries have some form of ban.
Defence | Hot weather as fire services continue to warn of wildfires across the country. The Met Office said temperatures would peak on Friday in London and south-east England, which could make it the hottest day of the year so far, while temperatures could hit 23C on Thursday.
BBC | A controversial sculpture outside the BBC’s headquarters has been restored and after being vandalised, with the corporation saying it in no way condoned the “abusive behaviour” of its creator, Eric Gill. There have long been calls for Gill’s works to be removed since his diaries revealed he had sexually abused his two eldest daughters.

Former PM says it is also the moment for the UK to go even further in renewing ties with the EU
Gordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including .
The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”.

As I discovered then, global problems need international responses. By working together, we can protect jobs and living standards
No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession. As China and the US decouple, are intensifying and threaten to descend into currency wars; import, export, investment and technology bans; and financial fire sales that will destroy millions of jobs worldwide. It seems barely credible that the world is being brought to its knees by one economy, outside of which live 96% of the population, who produce 84% of the world’s manufactured goods. But even though US officials have previously talked of a tariff policy of “”, Donald Trump’s aim is to force manufacturing back to the US, and his 90-day relaxation of some tariffs does not mean he intends to defuse the crisis.
On Monday, Keir Starmer warned that the world will never be the same again, and that “attempting to manage crises without fundamental change just leads to managed decline”. He is right. As I learned in the financial crisis of 2008, global problems require globally coordinated solutions. We need a bold, international response that measures up to the scale of the emergency. In the same way that, to his great credit, the prime minister has been building , we need an economic coalition of the willing: like-minded global leaders who believe that, in an interdependent world, we have to coordinate economic policies across continents if we are to safeguard jobs and living standards.

Some say their visas were revoked this week; Beijing warns other nationals to reconsider study plans in America.

As the clip fades out with traditional Chinese music playing in the background, the president’s ‘Make America Great Again’ campaign slogan pops up on the screen. The origin ...

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Today’s tariffs follow Trump’s on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from .

The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.

Ukrainian President Volodymyr Zelensky said more than 150 Chinese men were fighting for Russia in Ukraine, hours after China dismissed claims that many of its citizens were involved in the war.

Manufacturers and exporters are scrambling after 104% tariff on China-made goods comes into effect.