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Former PM says it is also the moment for the UK to go even further in renewing ties with the EU
Gordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including .
The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”.
As I discovered then, global problems need international responses. By working together, we can protect jobs and living standards
No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession. As China and the US decouple, are intensifying and threaten to descend into currency wars; import, export, investment and technology bans; and financial fire sales that will destroy millions of jobs worldwide. It seems barely credible that the world is being brought to its knees by one economy, outside of which live 96% of the population, who produce 84% of the world’s manufactured goods. But even though US officials have previously talked of a tariff policy of “”, Donald Trump’s aim is to force manufacturing back to the US, and his 90-day relaxation of some tariffs does not mean he intends to defuse the crisis.
On Monday, Keir Starmer warned that the world will never be the same again, and that “attempting to manage crises without fundamental change just leads to managed decline”. He is right. As I learned in the financial crisis of 2008, global problems require globally coordinated solutions. We need a bold, international response that measures up to the scale of the emergency. In the same way that, to his great credit, the prime minister has been building , we need an economic coalition of the willing: like-minded global leaders who believe that, in an interdependent world, we have to coordinate economic policies across continents if we are to safeguard jobs and living standards.
Some say their visas were revoked this week; Beijing warns other nationals to reconsider study plans in America.
As the clip fades out with traditional Chinese music playing in the background, the president’s ‘Make America Great Again’ campaign slogan pops up on the screen. The origin ...
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Today’s tariffs follow Trump’s on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from .
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
Ukrainian President Volodymyr Zelensky said more than 150 Chinese men were fighting for Russia in Ukraine, hours after China dismissed claims that many of its citizens were involved in the war.
Manufacturers and exporters are scrambling after 104% tariff on China-made goods comes into effect.
China’s latest move: an additional 50 percent tariff on U.S. goods. Neither side wants to look weak by backing down, but a collapse of their trade ties could have profound consequences.
Ukraine’s president says at least 155 fighters have been uncovered, and that Russia is recruiting via social media
Volodymyr Zelenskyy has said Ukraine is aware of at least 155 Chinese nationals fighting for Russia and accused Beijing of turning a blind eye to their recruitment and allowing them to participate in the invasion of his country.
Officials released two dossiers naming, and in some cases picturing, Chinese men who were said to have signed up, though Ukraine did not suggest this meant Beijing was seeking to enter the war alongside Russia.
Lisa Nandy says solution achievable amid fears furnaces are running out of options to secure raw materials
Crisis talks between the government and the Chinese owner of British Steel have ended with no deal in place, as the Scunthorpe plant races against time to secure the raw materials needed to keep its blast furnaces running.
Jingye, which promised a when it rescued British Steel in 2020, said last month the site’s two blast furnaces were , raising fears for the future of 2,700 workers.
Beijing is braced for turbulence due to swingeing tariffs. But it sees a bigger, more promising story of US hegemonic decline
No one, least of all consumers and workers, will win the that Donald Trump has unleashed. This is “a game of who can bear more pain”, in the words of . And because trade is at the heart of US ties with its biggest tariff target, China, the rest of the bilateral relationship is likely to deteriorate. That too is concerning.
Yet China, despite the of recent years, may see a longer-term opportunity in the current crisis. Beijing’s response to the initial US tariff announcements was measured. Now it vows to “fight to the end” and has imposed an additional 50% tariff on US goods – taking the total – in retaliation for tariffs that Mr Trump now says will hit 125%.
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