<gu-island name="KeyEventsCarousel" priority="feature" deferuntil="visible" props="{"keyEvents":[{"id":"688c74bf8f08fd3663577a31","elements":[{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Confucius Institutes at universities across England are under threat from new free speech rules, setting off urgent talks between ministers, vice-chancellors and regulators over the fate of the China-backed language and culture centres. ","elementId":"c6dda79c-29bc-4264-81bd-efdf0f1af54e"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Universities fear that the new regulations imposed by the Office for Students (OfS) this month will cause legal headaches with their Chinese partners, including the government in Beijing, and could lead to some being closed. ","elementId":"98b98d3c-7b85-469a-aa15-ca7d219051d0"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" University leaders claim they have been left in the dark by England’s regulator over whether…
Tag: Economics
The Guardian view on Trump’s tariffs: both a political and an economic threat | Editorial
Donald Trump’s 1 August tariffs deadline did what it was always intended to do. It kept the markets and the nations guessing amid last-minute uncertainty. It attempted to reassert the global heft of the United States economy to take on and master all comers. And it placed President Trump at the centre of the media story, where he always insists on being. In the event, there were some last-minute agreements struck this week, few of them fair or rational in trade terms, most of them motivated by the desire to…
US and China poised to extend tariff truce after failing to find resolution at talks
US and Chinese negotiators have agreed in principle to push back the deadline for escalating tariffs, although America’s representatives said any extension would need Donald Trump’s approval. Officials from both sides said after two days of talks in Stockholm that while had failed to find a resolution across the many areas of dispute they had agreed to extend a pause due to run out on 12 August. Beijing’s top trade negotiator, Li Chenggang, said the extension of a truce struck in mid-May would allow for further talks, without specifying when…
US and China hold trade talks after Donald Trump eyes ‘world tariff’ – business live
<gu-island name="KeyEventsCarousel" priority="feature" deferuntil="visible" props="{"keyEvents":[{"id":"688865728f086229c4205ac8","elements":[{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Good morning, and welcome to our live coverage of business, economics and financial markets. ","elementId":"a58dd461-f7d4-4f55-9e86-3e123d778d2d"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" After the US and EU announced the outline of a trade deal that would limit tariffs to 15%, it looks like talks with China could be the next on the agenda, with an extension of a truce in the trade war “likely”, according to a top official in the Trump administration. ","elementId":"bfefff3d-e94b-46bb-92bc-89abad3cad73"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" US Treasury chief Scott Bessent arrived yesterday in Sweden, alongside China’s vice premier He Lifeng, according to Reuters.…
China’s economy beats expectations in face of Trump’s trade war
China’s economy grew more strongly than expected in the second quarter as it proved resilient in the face of Donald Trump’s trade war. China’s gross domestic product (GDP) grew 5.2% in April to June compared with a year earlier, slowing from 5.4% in the first quarter, but just ahead of analysts’ expectations for a rise of 5.1%. The world’s second largest economy has so far avoided a sharp slowdown in part due to support by Beijing and as factories took advantage of a US-China trade truce to make shipments before…
The Guardian view on Brics growing up: A new bloc seeks autonomy – and eyes a post-western order | Editorial
The Brics summit in Brazil last week revealed a loose alliance of emerging powers becoming more complex – and perhaps more consequential. For Brics, heft matters. It now counts 11 member states – including Indonesia, which joined this year – representing half the world’s population and 40% of the global economy, outpacing the G7 by $20tn. Yet its size hides its contradictions. The grouping’s call for more inclusive global institutions sounds welcome, but there is a preponderance of autocracies within its own ranks. Brics is right that international law should…
Here we go again: latest Trump tariff deadline looms amid inflation concerns
When Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through global markets, his officials scrambled to present the climbdown as temporary. Three months of frenetic talks would enable the Trump administration to strike dozens of trade agreements with countries across the world, they claimed. “We’re going to run,” the White House trade adviser Peter Navarro told Fox Business Network. “Ninety deals in 90 days is possible.” The 90-day pause Trump ordered on his steep tariffs is almost up,…
EU may as well be ‘province of China’ due to reliance on imports, says industrialist
The EU may as well “apply to be a province of China” such is its inability to wean itself off that country’s supply of critical raw materials used in everything from electric vehicles to smartphones and wind turbines, a leading German industrialist has said. As chief executive of AMG Lithium, the EU’s first factory to make the lithium hydroxide used in many car batteries, Stefan Scherer sits at the centre of what has been dubbed a new gold rush. But the chemist said China will continue to dominate battery technology…
Chinese exports to UK rise as firms seek to avoid US tariffs
Chinese exports to the UK jumped in May, according to data from Beijing, raising the prospect of a flood of cut-price goods as firms look for alternative markets to avoid Donald Trump’s tariffs. Data published by the Chinese government showed a 16.1% increase in exports to the UK in May compared with the same month last year, hitting the highest level since February 2022. That could be an early signal of an acceleration from the 10% annual rate of increase in April in the UK data published by the Office…
Trump says China will face 55% tariffs as he endorses trade deal
Donald Trump has endorsed the US-China trade deal struck in London that will ramp up supplies of rare earth minerals and magnets needed for the automotive industry, saying it will take total tariffs on Beijing to 55%. Acknowledging that his Chinese counterpart, Xi Jinping, still needed to give his final approval on the terms agreed late on Tuesday night at Lancaster House, the US president disclosed the pact would also facilitate Chinese students’ access to US colleges. The 55% tariff total appears at first glance to be a hike from…