FTSE 100 index jumps 6% as Trump’s tariff U-turn sparks market rally – business live

China’s 84% retaliatory tariffs on US goods come into effect on Thursday, but there’s relief that Trump has paused levies against most countriesRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Apr 10, 2025 - 00:15
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FTSE 100 index jumps 6% as Trump’s tariff U-turn sparks market rally – business live

China’s 84% retaliatory tariffs on US goods come into effect on Thursday, but there’s relief that Trump has paused levies against most countries

China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.

In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

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