California governor Gavin Newsom announces a $7.5bn tax incentive scheme as Trump’s announcement of 100% tariffs on films ‘produced in foreign lands’ is mocked by Jimmy Kimmel and Fallon.

The European Union is under no pressure to accept an unfair tariff deal with the United States, its trade chief said on Tuesday, adding that it was being contacted by other countries seeking to forge closer trade ties with the 27-nation bloc.

Bitcoin rose alongside Asian stocks and a strengthening dollar after news that the US and China plan to hold trade talks.

China reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US.

China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland between 9 and 12 May

Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny.

American consumers are on the cusp of tough choices because of President Donald Trump’s trade war.

Officials say administration ‘exploring all options’ after president declared 100% tariff on non-US-produced films

US President Donald Trump’s top trade officials will meet with their Chinese counterparts this week to discuss a de-escalation of their increasingly ugly and damaging trade war. The future of the global economy is riding on their success.

Smaller companies say costs of Rachel Reeves’s tax rises led to them lay off more workers in April