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Trade war escalates as China raises tariffs on US goods in retaliation

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US Treasury Secretary Bessent: US trying to ‘rebalance toward manufacturing’
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Oil prices sink further
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The US dollar against global currencies – a visual guide
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Russia’s central bank governor warns of ‘tectonic changes in global trade’
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‘We will overcome this period more easily than many countries’: Turkiye’s Erdogan

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EXPLAINER
‘Fight to the end’: Are the US and China rushing into a trade war?
China seems prepared for a showdown even as other countries scramble to re-negotiate new tariffs with Washington.
Published On 8 Apr 2025
EXPLAINER
Why Indonesia’s sinking rupiah is a flashing alarm for its $1.4tn economy
Indonesia’s currency is at a record low against the US dollar amid concerns over President Prabowo Subianto’s policies.
Published On 8 Apr 2025
EXPLAINER
Musk vs Navarro: Is the Trump team divided on tariffs?
Elon Musk publicly clashes with Trump’s trade adviser Peter Navarro, calls for zero-tariff deal with Europe.
Published On 7 Apr 2025
EXPLAINER
Are Iran and the US having ‘direct’ talks on the nuclear file?
Iran’s foreign minister confirms indirect talks with the US via Oman, questions sincerity of Washington’s approach.
Published On 8 Apr 2025
‘Different universes’: Ukrainians on Trump’s failing peace plan
Ukrainian servicemen and civilian survivors of deadly attacks say a ceasefire seems a distant prospect.
Published On 7 Apr 2025

US freezes funds for Cornell, Northwestern after pro-Palestinian protests

The White House says Cornell University’s $1bn and Northwestern University’s $790m in federal funding have been blocked.

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