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BBC World Service

The latest business and finance news from around the world, on the BBC.

World Business Report

Global stock markets have continued to plunge in response to President Trump's tariff announcement. This comes as China has announced retaliation tax of 34% against the United States for the tariffs imposed by President Donald Trump. 

However, India is taking a different approach to China, although it was hoping to reach a deal with the US before Trump imposed 27% tariffs. Rob Young will hear from a former India Commerce Secretary. And what does it mean for Lesotho, the 50% tariffs imposed on the small Southern African country? The CEO of the Private Sector Foundation of Lesotho explains.
 
And the final countdown to another TikTok ban is on, and 170 million US users' scrolling and posting is hanging in the balance again.

China retaliates with extra tariffs on US goods

Wall Street closes one of its wildest weeks in years, reeling from the impact of Donald Trump’s sweeping new tariffs on global imports. The S&P 500, Nasdaq Composite, and Dow all plunged.

We assess the fallout with our US Business Correspondent Michelle Fleury in New York, and speak to Gene Seroka, Executive Director of the Port of Los Angeles—the largest container port in North America—about what it means for trade and supply chains.

With trillions wiped off share values, what does it mean for those with pensions heavily tied to Wall Street? Maria Johannssen of AON explains how retirement pots could be hit, and whether there’s cause for alarm.

Plus, TikTok survives another day in the US—but for how long? We explore the latest on the app’s uncertain future and who might be lining up to buy it.
And as tariffs threaten to raise car prices, we look at why America is phasing out the last of its truly affordable new vehicles. Marketplace’s Henry Epp reports on the death of the compact car.

Wall Street reels after Trump tariff shock wipes trillions off markets

Stock markets are the world are hugely volatile after the imposition of US tariffs
EU Trade Ministers have met in Luxembourg to discuss Trumps tariffs. Sam Fenwick speaks to Spain’s Finance Minister, Carlos Cuerpo.
Asian markets led the way with big selloffs. We speak to Yeo Han-koo, South Korea's former finance minister.

Wild stock market swings

The US stock markets ended on a fall to complete a volatile day for economies around the World. 

President Donald Trump's tariffs have been felt in markets around the globe, with the Americas, Europe and Asia all shaken after a volatile day. 

Rahul Tandon speaks to an small business in California on how the impact of any tariff battle will affect their business. 

The latest business and finance news from around the world, on the BBC.

A rollercoaster ride for the markets

China says it will “fight to the end” amid fears of a tariff war with the US. Devina Gupta presents from Delhi and looks at the reaction to President Trump threatening fresh tariffs on China. Can China look to the EU instead? We talk to the European Commission to ask if trade relations between the two could now thaw.

Plus, with a declining fertility rate, South Korea’s government is looking to increase immigration, despite it being a widely unpopular policy.

China fights back

A former chief economist at the World Bank believes that the USA's tariffs on its largest trading partners could lead to many countries being pushed into recession. 

Rahul Tandon speaks to a shrimp and seafood harvester based off the US Gulf Coast who feels President Trump’s policies is a positive for their sector. 

Elsewhere we hear from a Canadian auto worker and a fashion business owner in Indiana on what any US-China tariff war might mean for them. 

The latest business and finance news from around the world, on the BBC.

Will tariffs lead to a global recession?

China retaliated to US tariffs with a 84% levy on American goods
How has the US bond market been reacting to the news of Chinese tariffs? Russ Mould from investment firm AJ Bell joins us to tell us more
And Vietnam is facing a 46% tariff on its major exports to the US. Textiles is one of the country’s biggest exports. We hear from garment manufacturer Pham Quang Anh

China retaliates to US tariffs

In a dramatic change of policy, US President Donald Trump hikes China tariffs to 125% on goods entering the United States. Most other countries will now see a 90-day pause on higher import taxes. 

We hear from Everett Eissenstat, an international economics adviser in the first Trump White House, and Natasha Sarin, who advised Janet Yellen when she was Treasury Secretary. 

Also, Graham Allison from Harvard Business School shares his analysis after recent meetings with President Xi Jinping in Beijing. 

And, Karin Karlsbro, vice-chair of the European Parliament’s Committee on International Trade warns tensions between the EU and US are far from over.

China now faces 125% US tariffs in trade war

The EU has paused retaliation tariffs against US. Spokesman for European Commission, Olof Gill, said the EU was ready to negotiate
President Trump has hiked tariffs on Chinese goods by 125%, and the WTO is warning that trade between the U.S. and China could plunge by as much as 80%. We hear from the Asia Development Bank.
And how are businesses and economies there coping as global trade routes shift and uncertainty grows? We speak to Dr Stavros Nicolaou, who sits on the executive committee of the Aspen pharmaceutical company in South Africa 

Davina Gupta presents

EU pauses retaliation tariffs against US

President Donald Trump admits a period of difficult transition is inevitable as his trade policies continue to cause upheaval in international markets.
 
And after the end of the Cold War, the world economy became integrated, and globalisation began, but is that at risk now because of the tariffs, trade war and protectionism? Presenter Roger Hearing speaks to Mohamed El Erian, former IMF Deputy Director who is now President of Queens' College, Cambridge, and chief.
 
Also, a general strike against public spending cuts in Argentina has severely disrupted transport systems in the country. All domestic flights have been cancelled; trains and metro services have been suspended in Buenos Aires and other parts of the country.

Donald Trump recognises tariff 'transition difficulty' as US stock market falls again

The US -China trade fight has just intensified as China has upped tariffs on US imports to 125%
We look at the US agriculture sector which accounts for over 20% of US exports to China and valued at $36 billion in 2022. 
And what does tariffs mean for consumer sentiment? We hear from shoppers in New York

China US trade fight intensifies

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