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Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Beijing has called on the US to “completely cancel all unilateral tariff measures” if it wants trade talks, in some of China’s strongest comments yet on the impasse between the world’s two economic superpowers. Beijing on Thursday also said there were “currently no economic and trade negotiations between China and the United States”, despite recent signs of softening on dispute from Washington. US Treasury secretary Scott Bessent has…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Say what you like about Scott Bessent, but the Treasury secretary’s insistence on claiming logic in every tergiversation of Donald Trump’s haphazard tariff policy is providing much amusement abroad. Bessent and other administration officials are now beetling around the world desperately trying to sign dozens of trade deals while fractious financial markets metaphorically hold a gun to their heads, and we’re asked to believe it is all a…

Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Robotaxi company Pony.ai is considering a secondary listing less than six months after its US IPO, amid mounting concern that Donald Trump’s administration will pursue delistings of Chinese companies. “It’s nothing concrete yet, but definitely it’s something we’re contemplating,” said James Peng, co-founder and chief executive, in an interview with the Financial Times at this week’s Shanghai auto show. “A lot of factors need to be considered.” The Toyota-backed company,…

Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Robotaxi company Pony.ai is considering a secondary listing less than six months after its US IPO, amid mounting concern that Donald Trump’s administration will pursue delistings of Chinese companies. “It’s nothing concrete yet, but definitely it’s something we’re contemplating,” said James Peng, co-founder and chief executive, in an interview with the Financial Times at this week’s Shanghai auto show. “A lot of factors need to be considered.” The Toyota-backed company,…

Medical device makers have raised the alarm over a potential supply chain crunch and higher prices for hospitals around the world because of the disruption from the US-China trade stand-off.  Experts said the industry’s highly integrated global supply chains, which can see a single device drawing parts from more than 20 different countries, had left the industry highly exposed to a global tariff war.  The sector’s main US lobby, representing makers of devices ranging from MRI scanners to glucose monitors, has warned of severe consequences for the health sector if…

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. 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…