Britain will not rush into a trade deal with the United States or change its food or car safety standards, Rachel Reeves, the British chancellor of the Exchequer, said in Washington on Wednesday. When asked about reports that the Trump administration wanted Britain to lower its tariffs on cars to 2.5 percent from 10 percent,…
Stocks inched higher in early trading on Tuesday, as the Trump administration’s chaotic tariff rollout continues to spur volatility in the markets. The S&P 500 rose 0.4 percent in morning trading, and the technology-heavy Nasdaq also posted modest gains. President Trump’s whipsawing tariff policies are still driving sentiment on Wall Street, especially in sectors facing…
For years, the Chinese government has worked to control the export of rare earths, a group of metals used in an array of products, as common as semiconductors and lights. Now, in its trade war with the United States, China is moving to limit the market for these metals even further, which could have disastrous…
President Trump has signaled that he will announce further tariffs this week on semiconductors as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on semiconductors…
The British government ramped up actions to help protect businesses and households from some of the economic tumult created by President Trump’s decision to raise tariffs and upend the norms of global trade. The government said on Sunday it would suspend tariffs on 89 products for about two years to help businesses and consumers save…
President Xi Jinping of China kicked off a weeklong tour of Southeast Asia Monday, landing in Hanoi and trying to rally other nations to Beijing’s side as American tariffs threaten manufacturing networks and economic growth. In an essay published Monday in Vietnamese state media just before his arrival, Mr. Xi called on other countries to…
China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world. Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese…
President Trump’s rapidly escalating trade war with China has resulted in eye-watering tariffs on products exchanged between the countries and scrambled prospects for many global businesses that depend on the trade. And there is no end in sight. The Trump administration has been waiting for the Chinese leader, Xi Jinping, to call Mr. Trump personally,…
The Trump administration signaled on Sunday that it would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after it excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China. The push came as President Trump’s top economic advisers scrambled to…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…