President Trump has announced wave after wave of tariffs since taking office in January, part of a sweeping effort that he has argued would secure better trade terms with other countries. “It’s called negotiation,” he recently said. In April, administration officials vowed to sign trade deals with as many as 90 countries in 90 days….
The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill. In a trade deal with Britain announced with much fanfare…
For Prime Minister Keir Starmer of Britain, the road to a first-in-the-world trade deal with the United States began on a late winter afternoon when he arrived in the Oval Office, bearing a letter for President Trump. It was from King Charles III, inviting Mr. Trump for a rare second state visit to Britain. It…
The United States and Britain announced on Thursday that they had reached a deal that would reduce tariffs on some imports, such as steel, cars and ethanol, and deepen the economic relationship between the two countries. There was plenty of mutual congratulating between President Trump in the Oval Office and Keir Starmer, the British prime…
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course by a global economy lurching from one crisis to another. On Thursday, British officials appeared to secure a win. The country is set to announce some form of trade deal with the United…
Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid President Trump’s upheaval of the global trade system. The deal, which the British government said would increase bilateral trade by 25.5 billion pounds ($34 billion), comes three years after the negotiations began. Intense talks…
Temu, the Chinese e-commerce platform, has stopped shipping products from China directly to customers in the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America. The change comes as the Trump administration closed a loophole that allowed products made in…
The auditorium at Alibaba’s headquarters was packed with attendees, leaning against the wall and squeezing onto the stairs. Hundreds of Chinese small-business owners listened raptly as a stream of representatives from Alibaba, the Chinese online shopping giant, stepped onstage to reassure them of China’s resilience in the face of America’s eye-watering tariffs. “Since the beginning…
China also makes a lot of the things in your living room, but probably not everything. The TV is most likely from Mexico, for instance, and the couch from Vietnam. This is because since 2018, a curious shift has occurred: Americans began buying more furniture and appliances from countries other than China. During his first…
The 25 percent tariffs imposed by President Trump on imported cars have added to the pressures on vehicle manufacturers around the world, but the pain could be particularly acute in Britain’s venerable but flagging auto industry. Britain exports more than 70 percent of the cars that it makes. In 2024, it sent about 101,000 of…