Business

Beijing’s retaliation came after the White House had raised its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

In an address to the U.A.W., Shawn Fain said a targeted approach could help bring jobs back to the United States, but he criticized universal duties.

Small factories with tiny profit margins have played a central role in China’s international competitiveness. Many could now face disaster.

The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.

Four or five firms could soon agree to deals that would be unveiled as a package in an escalation of the president’s crackdown on an industry that has drawn his ire.

A day after recording its best gain since 2008, the S&P 500 fell 3.5 percent on Thursday, showing that fears about tariffs hampering economic growth were still alive.

Confusion and uncertainty hang over an industry with thin profit margins and few domestic sources for foreign ingredients.

The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.

Britain’s central bank altered a planned bond sale, citing “recent market volatility.”