Equities, dollar and oil advance in afternoon trading after world’s two biggest economies reduce punitive levies
US president promises ‘breakthrough’ deal with UK will be first of many as he signals optimism on China talks
Investors warn 145% duties on US imports from China to hit growth even as president rolls back other levies
Goldman Sachs rapidly reverses call for recession after president’s U-turn
Treasuries also slide after weak auction for three-year US government debt
Markets swing as Washington says it will kick off trade talks with Japan
Fed chief Jay Powell warns that Trump’s levies will slow US growth and increase inflation
Wall Street’s blue-chip companies including Apple tumble as investors rush for safety in government bonds
President reveals plans to impose 10% universal levies and higher duties on major partners
UK chancellor forced to make last-minute savings to shore up the nation’s finances
Blaze at electricity substation that shuts down Europe’s busiest airport raises questions about resilience of UK infrastructure
Bank’s latest projections show officials expect GDP to expand by 1.7 per cent this year
Fed chair Jay Powell says central bank is no ‘hurry’ to cut rates despite weaker-than-forecast jobs figures
Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their head
Investors fret that aggressively protectionist trade policy will hurt economy
Dramatic conclusion of Oval Office meeting comes as US and Ukraine had planned to sign mineral deal
US president said UK could escape tariffs if agreement struck
Move that was backed by Russia and China deals further blow to western unity
