FTSE 100 reside: EU pleads with China to not escalate commerce battle after new Trump tariff menace | EUROtoday
ANALYSIS: Where precisely the FTSE 100’s push into the inexperienced is stemming from
Business and cash editor Karl Matchett writes:
While we have seen the FTSE 100 is rising at present for the primary time shortly, it is value contemplating precisely the place that push into the inexperienced is stemming from.
In reality, it is a pretty widespread restoration this morning, with simply 9 firms exhibiting a loss – nonetheless principally within the financials sectors.
But British Airways proprietor IAG is up greater than 5 per cent, Rolls Royce is simply shy of that marker and certainly the proprietor of the London Stock Exchange, the London Stock Exchange Group, is up 3.2 per cent.
Tara Cobham8 April 2025 11:46
Reeves tells Commons ‘discussions are ongoing’ with US over tariffs
Rachel Reeves has informed the Commons “discussions are ongoing” with the US over tariffs.
The chancellor is about to satisfy with the US treasury secretary Scott Bessent shortly.

Tara Cobham8 April 2025 11:44
Watch reside: Reeves responds to Trump’s tariff hikes as UK economic system braces for affect
Tara Cobham8 April 2025 11:39
How China plans to bounce again from Trump’s tariffs
China’s president Xi Jinping not too long ago held a gathering with 40 leaders of multinational firms, together with BMW and AstraZeneca.
In distinction to Donald Trump’s rhetoric, Xi informed the top-level executives that globalisation was not going away. Xi is trying to spice up international funding in China, which has dropped in the previous few years, and construct new relationships that may offset Trump’s tariffs on many Chinese items.
In the March 28 assembly, Xi “vowed to improve market access” and guaranteed company leaders that “lines of communication” between them and the Chinese authorities are open.
Tara Cobham8 April 2025 11:30
China’s shares rally barely regardless of Trump’s new tariff threats
China’s shares additionally rallied barely at present, regardless of Donald Trump’s menace of a brand new 50 per cent levy on prime of eye-wateringly excessive current tariffs.
The nation’s blue-chip CSI 300 climbed 1.7 per cent, whereas the Shanghai Composite Index closed up 1.6 per cent, in keeping with Reuters.
Tara Cobham8 April 2025 11:13
EU pleads with China to not escalate commerce battle
European fee president Ursula von der Leyen has pleaded with China to not escalate the commerce battle with the US.
In a name with Chinese Premier Li Qiang, she known as for “a negotiated resolution to the current situation, emphasising the need to avoid further escalation”, in keeping with an announcement launched at present.
She additionally burdened the accountability that Europe and China have “to support a strong reformed trading system”.
The pair additionally mentioned establishing a mechanism for monitoring doable commerce diversion.

Tara Cobham8 April 2025 11:08
Hong Kong’s Hang Seng index closes barely up after sharp drop yesterday
Hong Kong’s Hang Seng index has closed barely up following a pointy drop yesterday.
The index closed up 1.51 per cent on Tuesday after closing down greater than 13 per cent on Monday in what was its steepest drop because the 1997 monetary disaster.
Tara Cobham8 April 2025 11:05
What could possibly be the implications of Trump’s tariffs on China
If Donald Trump implements his new tariffs on Chinese merchandise, US tariffs on Chinese items would attain a mixed 104 per cent.
The new taxes can be on prime of the 20 per cent tariffs introduced as punishment for fentanyl trafficking and his separate 34 per cent tariffs introduced final week.
Not solely may that enhance costs for American shoppers, it may additionally give China an incentive to flood different nations with cheaper items and search deeper relationships with different buying and selling companions, significantly the European Union.
Tara Cobham8 April 2025 10:58
Higher inflation from Trump’s tariffs may delay financial coverage normalisation, ECB’s Stournaras says
ECB’s policymaker Yannis Stournaras mentioned at present that an anticipated greater inflation and a worldwide commerce battle following US president Donald Trump’s tariffs may delay normalisation of euro zone’s financial coverage.
Tara Cobham8 April 2025 10:50
EU nations ‘nonetheless stand to barter commerce with US’
Ireland’s EU commissioner Michael McGrath has mentioned the bloc’s nations “still stand ready” to barter with the US.
The Commissioner for Justice, Rule of Law and Consumer Protection additionally mentioned that the EU wanted to reply and “create an incentive for the US to get around the table with us”.
The leaders of EU nations are resulting from vote on Tuesday on a bundle of counter measures responding to US tariffs on metal and aluminium already in impact.
A 20 per cent import tax might be slapped on EU items on Wednesday as a part of a significant tariff announcement by US President Donald Trump final week.
The announcement has induced turmoil within the international markets as buying and selling norms constructed up over many years are disrupted.
Mr McGrath mentioned that the worth of EU items being hit by extra US tariffs is €380billion, producing €80billion in income for the US, up from the “normal” worth of €7billion.
“Our strong preference is for negotiations with the US, we still stand ready to negotiate,” he informed Newstalk Breakfast on Tuesday.
“We do wish to negotiate, it is our preference because we recognise that everyone loses when it comes to a trade war and the imposition of tariffs.”

Tara Cobham8 April 2025 10:48
https://www.independent.co.uk/news/business/ftse-stock-markets-trump-tariffs-china-uk-eu-latest-news-b2729406.html