US treasury secretary accuses Beijing of trying to damage global economy, as US and China roll out tit-for-tat port fees – business live

Rolling coverage of the latest economic and financial newsWhy has US-China trade war restarted and how have markets reacted?The US also began imposing tariffs on imported lumber, kitchen cabinets and some furniture today.The new levies, announced by Donald Trump last month, will introduce a 10% tariff on imports of softwood lumber, while duties on certain upholstered furniture and kitchen cabinets start at 25%.“The 100% tariff does not have to happen. The relationship, despite this announcement last week, is good. Lines of communication have reopened, so we’ll see where it goes.”“President Trump said that the tariffs would not go into effect until November 1. He will be meeting with Party Chair Xi in Korea. I believe that meeting will still be on.” Continue reading...

Comments

Business News

‘Kantara’ Hindi Resurfaces On Netflix Global Top 10

Forbes

I hate cardio and networking, but was surprised to enjoy a fitness meet-up for VCs and founders. I learned 3 helpful lessons.

about 2 hours ago

insider

I was laid off by LinkedIn, so I spent 3 months writing a 112k-word novel. I don't regret it, but now I'm struggling to find work.

about 2 hours ago

I co-own Ballerina Farm. I start my day praying with my 8 kids and end it with a tallow skincare routine.

insider

ALEX BRUMMER: I've just met the world's top financiers and they're terrified. A catastrophic crash that will destroy savings, prosperity and living standard is coming. Britain's in deep, deep trouble

about 10 hours ago

$1.65 trillion chip giant Broadcom cuts staff in units like sales and accounts

insider

Comments

Similar News

US offers tariff relief for trucks imported from Mexico and Canada

How major US stock indexes fared Friday, 10/17/2025

The US Army's drone surge has limits. A commander says more tech isn't always better.

Ford recalls nearly 625K US vehicles over faulty seat belts, camera displays

The longest government shutdowns in US history, ranked

US Army soldiers put drones to the test in the Pacific. They struggled in the heat.

All the president's rides: Photos show every mode of official transportation used by US presidents

Stocks tumble amid US banking fears

Stocks tumble amid US banking fears

Bank shares lead global market fall amid jitters over US private credit

Apple swoops on exclusive F1 US TV rights amid expansion into sports

Shipping emissions levy shelved as countries bow to US pressure

Is Netflix’s Thriller ‘No One Saw Us Leave’ Based On A True Story?

US Passport Power Falls To 37th Overall For First Time — The Cause May Surprise You

Historic shipping climate agreement delayed after US blocking tactics

UK stock markets tumble and banks impacted amid concerns over US credit

Homeschooling my kids while running my own businesses is not easy. I do it for the freedom it gives us to travel.

Landmark global shipping deal in tatters after US pressure

UK banks in ‘eye of the storm’ amid US credit jitters and car finance payouts

Reward scheme for using less power at peak times could help lower US bills

Business News

‘Kantara’ Hindi Resurfaces On Netflix Global Top 10

Yes, Take Trump’s Threats To Move World Cup Games Seriously

‘The Long Walk’ Is New On Streaming This Week

Victoria Beckham fans say fine lines 'disappear' with 'brilliant' concealer pen

Alison Hammond wows in £38 leopard print dress from Strictly star’s fashion range

The real danger of AI in education isn't cheating &mdash; it's dependency on Big Tech algorithms, a business professor warns

Running a startup taught me more than any MBA &mdash; and parenting made me a better executive

The UPS chaos shows tariffs have finally arrived on our doorsteps

I hate cardio and networking, but was surprised to enjoy a fitness meet-up for VCs and founders. I learned 3 helpful lessons.

I was laid off by LinkedIn, so I spent 3 months writing a 112k-word novel. I don't regret it, but now I'm struggling to find work.

I co-own Ballerina Farm. I start my day praying with my 8 kids and end it with a tallow skincare routine.

A Silicon Valley engineer cracked the code to find signs of colon cancer in your blood

I'm a Stanford professor and AI startup cofounder. Here's how to get a job at an AI company.

He tried to bring flying taxis to Uber. Now, he's at Joby to finish the job.

I moved from NYC to Colombia earlier this year. The change has helped my burnout and saved me money.

'Cockroach' jabs and regional bank breakdowns: The week private credit's 'golden' narrative got a little less shiny

3 luxury handbags that add capital to your closet, according to resale data

AGI And AI Superintelligence Could Spawn A New Kind Of Alien Intelligence

Heathrow puts Jansen on runway as next chairman

'I unboxed Next's beauty advent calendar which contains £385 worth of products'

DWP reveals date it will start looking at bank accounts and who will be affected

Michelle Keegan’s must-have tan leather jacket is still in stock at this high street store

Shark's at-home facial device delivers spa-ready skin in 10 minutes

Molly-Mae’s make-up artist shares ‘perfect base for make-up’ that's always in her kit

Best jewellery advent calendars for 2025, as chosen by a shopping expert

Exact two penny coin worth £1,000 but it must feature rare little-known detail

More than 40 'mass cycle rides' take place across Britain next week in campaign for better safety for women

New student-loan forgiveness under Trump is coming. Here's what borrowers should know.

Ukraine's cheap interceptor drones are rewriting the rules of war

Voices: ‘Discarded like a used tissue’: Readers on how ageism is forcing over-50s out of work

Dunelm's high thread count duvet gives 'just checked into a luxury hotel feeling'

Amazon beats Nespresso's coffee machine price and dishes out 50 free pods in rival deal

Molly-Mae fans can watch 'Behind It All' season 2 for free by doing one thing

Octopus Energy offers 'free electricity' and more - but it's only available to some

How to profit from the investment trusts that REALLY do think long-term: INVESTING ANALYST

Rachel Reeves WILL raise taxes on the wealthy in the Budget: Here's how to protect yourself

Savers leave £270BILLION in low-interest accounts: Why it's vital to switch if you get less than 4%

Is now a good time to buy my first buy-to-let in the north of England?

Passive bond investors miss 'rising stars' and get stuck with 'fallen angels'

NYT Mini Crossword Clues And Answers — Saturday, October 18

Melanie C Wants To See You ‘Sweat’ On New Single

Boots' £13 cream in Molly-Mae's 'top products of all time' for 'glowing' skin

M&S has launched the perfect festive skirt that makes shoppers 'feel confident'

Martin Lewis' £6 secret to trap radiator heat and slash bills

The viral giant dog advent calendar full of toys and treats is back and you can get it for £13

Business news in brief: Inflation and borrowing figures on the horizon

Leigh-Anne Is ‘Dead And Gone’ On New Single

Greater Manchester dad 'too big for plane seat' loses nearly 4 stone in 9 months

People with income over £35,000 could owe HMRC up to £300 from winter support

DWP may give pensioners with back pain extra £441 a month

Today’s Wordle #1582 Hints And Answer — Saturday, October 18

Nobel Laureates Bring Clarity To Prosperity And How To Destroy It

‘Mr. Scorsese’ Is Now Streaming – How To Watch 5-Part Documentary On Film Legend

Starting Grid For The 2025 F1 United States Grand Prix Sprint At COTA

Government warning over £150 Warm Home Discount

ALEX BRUMMER: I've just met the world's top financiers and they're terrified. A catastrophic crash that will destroy savings, prosperity and living standard is coming. Britain's in deep, deep trouble

$1.65 trillion chip giant Broadcom cuts staff in units like sales and accounts

The real danger of AI in education isn't cheating — it's dependency on Big Tech algorithms, a business professor warns

Running a startup taught me more than any MBA — and parenting made me a better executive