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China mocks Trump trade war, raises tariffs

It’s Friday! Everyone wave to members of Congress as they leave town for recess! 👋 And now, we exhale. In today's edition: THE FIRST 100 DAYS China called Trump’s tariffs a ‘joke’: President ...

The Hill - 2h

‘The end of an era.’ What next for global trade?

Officials around the world are dashing to diversify their economies. But the fight between the US and China casts a long shadow

Financial Times - 40m

Capitol agenda: Trump’s trade rep takes the hot seat

Politico - 3d

Delta Drops Its 2025 Outlook as Trade War Heats Up

As travel plans vanish amid spiking uncertainty, the most profitable U.S. airline suspended its revenue, earnings, and second-half growth forecasts for the year.

Inc. - 2d

Trump Defends Tariff Strategy Amid Global Trade War and Market Chaos

Amid the doom and gloom in financial markets, President Trump continues to insist he’s got a plan.

The New York Times - 1d

Can Britain Be a ‘Sensible, Stable’ Haven in Trade War? Some See Potential.

The country faces several economic challenges but so far has avoided the worst of the turmoil afflicting targets of President Trump’s anger.

The New York Times - 1d

Trump ignites ‘insider trading’ accusations after global tariffs U-turn

US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositions. Business live – latest updates Donald Trump is facing accusations of market ...

The Guardian - 1d

Southeast Asia, With Little Leverage, Seeks to Placate Trump on Trade

Southeast Asian leaders, their export-driven economies in peril, are trying to placate the president. “We may have to comply,” Thailand’s finance minister said.

The New York Times - 1d

Jobless Claims Rise Slightly as Labor Market Shrugs Off Trade War

Despite DOGE layoffs, new unemployment claims were below estimates, reflecting a solid job market, though concerns about a global recession remain high.

Inc. - 1d

The Suns Are a Cautionary N.B.A. Tale. Now They Need to Trade a Superstar.

Moving on from Devin Booker is the only realistic path forward, a columnist for The Athletic writes.

The New York Times - 1d

Tariffs, trade war inflation impact to be 'pretty ugly' by summer, economists say

Tariffs will take a few months to filter through to consumer prices, economists said.

CNBC - 1d

As Trade War Heats Up, Most U.S. Businesses Stick With China Plans

Despite spiking tariffs on imports from China, U.S. companies view the country’s manufacturing advantages and domestic market potential as too valuable to renounce.

Inc. - 1d

Trump’s Trade War With China Is Now Hurting Hollywood—and US Soft Power

On Thursday, Chinese officials retaliated against President Donald Trump’s tariffs by imposing new restrictions on US movies. That’s a big blow to America’s cultural cachet in the nation.

Wired - 1d

The Guardian view on the tariff war pause: the Trump trade shambles is not over | Editorial

The US president blinked first, but this is just a time-out. The threat to the global economy remains real.. It was Donald Trump who blinked first. Never forget that. China is unlikely to ...

The Guardian - 1d

Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities. On the basis of Napoleon’s dictum “never interrupt your enemy while they are ...

The Guardian - 1d

Freight orders surge on Trump tariffs trade whipsaw: 'The ships are filling up'

President Trump's decision to offer a 90-day tariffs reprieve hasn't changed uncertainty inside the global supply chain, but it has led to an order surge.

CNBC - 23h

China to reduce the number of Hollywood films allowed amid trade war

China's film arm said Thursday it would "moderately reduce the number of American films imported" into the country. The country was once a vital market for U.S. blockbusters.

Los Angeles Times - 22h

Trump Insists ‘Everybody’ Wants to Make a Trade Deal With the U.S.

The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.

The New York Times - 20h

Democrats call for probe into possible insider trading after Trump tariff reversal

Democrats are demanding an investigation into whether Trump allies profited from advance knowledge of a 90-day tariff pause, citing a well-timed Truth Social post from the president and a staffer’s ...

NBC News - 18h

India rebuffs China’s BYD as Trump trade war creates openings

Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rate

Financial Times - 17h

How chaotic markets could help Trump balance trade

Mayhem threatens to erode the appeal of US investments — which could, perversely, help Trump get what he wants.

Financial Times - 14h

Trump’s Claims About Global Trade and Tariffs: Fact Check

Across his political career, Donald J. Trump has made his case for tariffs by relying on a number of false and misleading claims. Here’s a guide.

The New York Times - 9h

Relief at a Trade Hub on the Southern Border, but No End to Its Unease

In an industrial district in Texas and New Mexico, companies welcomed President Trump’s tariff exemptions for Mexico, but concern and confusion linger.

The New York Times - 9h

The optimal way to bail out breaking Treasury basis trades

A new Fed facility?

Financial Times - 8h

Ask Shrimsley: How can I learn from Trump’s trade war?

Neighbours have been taking advantage of my generous nature for far too long: it’s time for tariffs

Financial Times - 8h

Markets slide further amid fears of escalating US-China trade war

European markets slip into red after China ups ante by increasing retaliatory tariffs on US goods to 125%. China raises tariffs on US goods to 125% Business live – latest updates Stock ...

The Guardian - 8h

Markets Worry About Finding an Exit From Trump’s Trade Fight

Investors are concerned about the continued escalation of the U.S.-China tariff battle — and the state of the president’s negotiating leverage.

The New York Times - 6h

China strikes back with 125% tariffs on U.S. goods as trade war intensifies

Trump administration confirmed to CNBC on Thursday that the U.S. tariff rate on Chinese imports now effectively totals 145%.

CNBC - 5h

Warren Urges S.E.C. to Investigate Trading Around Trump’s Tariff Pause

The president told his social media followers it was a “GREAT TIME TO BUY” hours before announcing a reversal on tariffs that sent markets soaring.

The New York Times - 5h

Stocks wobble as new Chinese tariffs on US goods intensify trade war

China raised U.S. tariffs to 125%, but said it will not increase levies further.

ABC News - 3h

What Some Chinese Exporters Say About Trump’s Trade War

At the world’s largest wholesale market, in Yiwu, on China’s east coast, business owners aren’t getting orders from the U.S., and many don’t understand the purpose of the current 145 percent tariffs.

Inc. - 2h