Trump delays key piece of China tariff plan amid threats to other countries

President halts plan to put tariffs on low-value packages but says he will impose duties on more countries next week

What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels

Chief economist warns that ‘cautious’ approach to further interest rate reductions is required

US economy added 143,000 new jobs last month, fewer than expected

Labor department data shows 143,000 jobs added with unemployment rate steady at relatively low 4%

UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidence

The stock market is not the economy – as shown by the new closing high after the Bank of England’s rates cut

UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding

From iron ore to beef prices, a global trade war triggered by the US would cause significant disruption for consumers and businesses

Decision will lead to lower borrowing costs for those on trackers – but fixed-rate deals will stay the same

Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%

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