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The Latest Breaking News from Trade

China Sales To US Slump Even As Exports Beat Forecasts

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival.

International Business Times

Labour blasted for 'telling MPs to go home' in bid to delay US trade deal update

LABOUR have been blasted by the Speaker after “telling MPs to go home” because they planned to delay an official statement on the UK trade deal…

The National (Scotland)

Stocks Rise Further On Growing Trade Deal Hopes

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day.

International Business Times

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Starmer brands criticism of UK-India trade deal ‘incoherent nonsense’

Sir Keir said similar reciprocal agreements exist between the UK and 50 countries.

Evening Standard

U.S.-China trade talk news boosts markets

Major Asian markets in China, Japan and South Korea all rose—but by less than 1%. Investors seem to be betting that the Papal Conclave will produce results before the trade negotiations do.

Fortune

US-UK trade deal with lower tariffs on cars and steel ‘could be signed this week’

US treasury secretary Scott Bessent said some trade deals could be announced as early as this week

The Independent UK

UK-India deal does not undercut British workers, says Trade Secretary

Opposition politicians have criticised a provision in Tuesday’s deal exempting some temporary Indian workers from national insurance payments.

Evening Standard

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Australian shares edge higher but uncertainty lingers

The Australian share market has lifted on the back of US-China trade talks and stimulus announcements from Beijing, but investors remain apprehensive.

AAP

Tariff cuts and tax exemptions for some workers agreed in UK-India trade deal

Ministers say the long-coveted agreement will add £4.8 billion a year to the economy by 2040.

Evening Standard

India, UK agree ‘historic’ trade deal including tariff cuts

Both sides celebrate the landmark agreement, which was several years in the making.

Al Jazeera

EU sends top officials to Washington for tariff talks

A high-level meeting is under way in Washington on Tuesday and Wednesday as the EU and US attempt to escape a full-blown transatlantic trade war.

Euronews

Data is driving trade deal pursuit, not ‘post-imperial delusion’, minister says

The Liberal Democrats are warning the Government that a summit with the European Union on May 19 should not be a missed opportunity.

Evening Standard

British and Indian ministers meet for ‘productive’ talks on trade deal

More than a dozen rounds of talks involving successive governments have taken place since 2022.

Evening Standard

Trade unions and Scottish Water at standstill in dispute

Trade union members representing Scottish Water employees warned that “it feels like they’re trying to pull the wool over the union’s eyes”…

The National (Scotland)

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Latin Times

Tokyo Leads Gains In Most Asian Markets On Trade Deal Hopes

Investors are also eyeing developments at the Federal Reserve as Trump hit out at boss Jerome Powell, who warned the sweeping tariffs were "highly likely to generate at least a temporary rise in inflation".

International Business Times

Asian Markets Mixed As Traders Track Tariff Talks

Asian markets were mixed in holiday-thinned trade Friday as investors keep tabs on countries' tariff talks with the White House, while Donald Trump's remarks that he was reluctant to hike levies on Beijing even more provided a little support.

Fortune

Trump touts ‘big progress’ in talks with Japan, one of the first countries trying to get a tariff reprieve

Japan is a major test of whether the Trump administration can turn its “Liberation Day” shock into real trade deals.

International Business Times

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

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Euronews

EU to US on tariffs: 'The ball's in your court'

After several hours of discussions with US trade representatives, 'it's over to you', the European Commission said on Tuesday.

Latin Times

Trump Escalates Trade Fight With China, Citing National Security Concerns Over Chips

Trump plans new semiconductor tariffs on China, citing national security and pushing for U.S. chip production.

The Independent UK

Inside Trump’s Oval Office as he called senators during Fox News breaks and world leaders begged to end his tariff plan

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

Evening Standard

Stock market slides again as Trump tariffs come into effect

The Chancellor will meet her Indian counterpart later on Wednesday as she seeks trade deals with countries other than America.

Euronews

Von der Leyen discusses trade disruption with China amid tariff barrage

Amid escalating trade war with the US, the EU reached out to China on Tuesday in a telephone exchange between Ursula von der Leyen and Chinese Premier Li Qiang.

Al Jazeera

Penguins, vaccines: Can negotiations save Trump’s oddest tariff targets?

Barely inhabited islands, countries the US enjoys a trade surplus with, and a tariff formula that isn’t about tariffs.

Al Jazeera

Have Trump’s tariffs killed US-Africa preferential trade?

The AGOA framework that saw African countries export duty free to the US is as good as dead, experts say.

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