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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beware unintended consequences. US-listed Chinese companies, including giants Alibaba and Temu owner PDD, have been hit by fears they may be forced to delist from New York. Such a move would be painful for US investors and play into Beijing’s hands. Earlier this month, Treasury secretary Scott Bessent, when asked directly, refused to rule out the forced delisting of Chinese companies amid the US-China trade war. President Donald Trump has…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate America is counting the cost of Donald Trump’s trade war, with executives warning of escalating expenditures, gummed-up supply chains and a hit to the world’s largest economy. While company leaders have generally avoided public criticism of the US president, they have been forced to confront his tariffs — which include levies of 145 per cent against export powerhouse China — on quarterly earnings calls with analysts this month. Transport,…

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Factories in China have begun slowing production and furloughing some workers as the trade war unleashed by US President Donald Trump dries up orders for products ranging from jeans to home appliances. With most Chinese goods now facing US duties of at least 145 per cent, some factory owners say American customers have cancelled or suspended orders, forcing them to cut production. About 15 per cent of all…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China is preparing to lift sanctions on European lawmakers as it tries to revive an investment deal with the EU after losing most of its access to the US market in Donald Trump’s trade war. A spokesperson for Roberta Metsola, president of the European parliament, confirmed the move, first reported by German daily Süddeutsche Zeitung. Beijing took the measures against several MEPs in 2021 after the EU placed sanctions on…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s return to the White House has triggered a US-China trade war. With sweeping new tariffs on Chinese imports triggering tit-for-tat Chinese retaliation on US companies, the world’s two largest economies are locked in a battle of wills testing either side’s capacity to withstand pain. At stake is which of the two rivals will emerge as the world’s dominant economic, military and technological power, and how the rest of…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US Treasury secretary Scott Bessent on Tuesday warned that the US-China trade war was “not sustainable” and that the two countries would have to de-escalate their dispute, in comments that buoyed financial markets hoping for a trade deal. Bessent told investors at a private conference hosted by JPMorgan in Washington that he expected Washington and Beijing would reach a deal in the “very near future”, according to several…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’ The US government will be “taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN”, President Donald Trump recently declared. Given his repeated promises to impose a tariff on imported chips, we must assume some action is coming. But what type, and to what end? According to trade data, the US imports around $30bn in chips annually, largely from south-east Asia.…

US President Donald Trump’s announcement this month of “liberation day” tariffs drew disbelief from America’s trading partners and mockery from Chinese internet users. Viral, artificial intelligence-generated videos depicting American workers sweating over trainer and smartphone assembly lines circulated on Chinese social media, after Trump claimed that “jobs and factories will come roaring back” to the US as a result of the tariffs. The videos highlighted that there is little chance of the US replicating the labour force advantages that turned China into the world’s factory over more than two decades…

Tesla’s first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals. Mentioned in this podcast: Elon Musk to prioritise Tesla over White House role as profits slump IMF warns of rising US recession risk and defends Fed policy Vladimir Putin offers to halt Ukraine invasion along current front line Will going back to basics restore BP’s fortunes? Donald…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US Treasury secretary Scott Bessent on Tuesday warned that the US-China trade war was “not sustainable” and that the countries would have to de-escalate their dispute, in comments that buoyed financial markets hoping for a trade deal. Bessent told investors at a private conference hosted by JPMorgan in Washington that he expected Washington and Beijing would reach a deal in the “very near future”, according to several people…