US chipmaker reveals $5.5bn impairment, while full hit to China revenues could surpass $10bn

Chipmaker leads declines as Wall Street sell-off reignites

Vehicle sales jump in March before implementation of steep levies

The Trump administration’s falsehoods over the war are doing profound damage to America’s global standing

Tokyo first in line for negotiations that will be closely watched as test case of Washington’s trade war strategy

Key to alliance’s anti-missile shield, Rota is among 38 bases across Europe at risk of a withdrawal by Washington

Jingye makes first comments after ministers seized control of struggling company

Ngozi Okonjo-Iweala says dispute could ‘force countries to choose’ between the two trading partners

Unanimous decision by judges is a blow for transgender rights campaigners

State governor argues duties will lead to job losses and higher prices

Not since the crash of 2008 has free trade held the moral and intellectual high ground

Buyout executives say economic uncertainty unleashed by US tariffs has made pricing assets challenging

Upsized offering from energy group ends two-week high-yield bond drought triggered by Trump trade war

A range of policies, including tariffs, are leading foreign firms to question their dependence on US funding

Shares in industry’s leading equipment supplier fall as it warns of ‘dynamic’ environment

Accounting regulator’s probe will focus on audits for four financial years to 2018

African firms say they lost over a third of their business as global executives forced them to drop risky clients

Traders cement bets on at least three quarter-point interest rate cuts this year

Britons are skilled at navigating the humiliation unleashed by political and market chaos — allow us to give you some tips

My arrest in the government’s attempt to crush dissent shows how important the stability of my country is

Exporters frontload shipments to beat levies as US president says ‘ball’ is in Beijing’s court to start talks

US president could escalate trade conflict with Beijing by launching probe into supplies

Trump administration’s curbs send chipmaker’s shares sliding

Britain would be able to deport one person in exchange for the French sending another individual the other way

Warning signals new escalation in US president’s attacks on universities

Ofgem to launch review into how network and other costs are recouped through consumers’ bills

Chinese carmaker’s absence from the US, once seen as a weakness, has turned into an asset

Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism

JPMorgan chief tells the FT that Washington and Beijing ‘should engage’ as tariffs escalate

European Banking Authority says variable pay for some staff has risen to more than €1mn

FCC chair Brendan Carr urges ‘western allies’ to pick Elon Musk’s Starlink satellite internet company

Diplomats from the bloc say American negotiators stressed the need for levies as part of efforts to repatriate industry

Banks have gained from surge in volumes amid market gyrations

The maker of Birkin bags is now the world’s most valuable luxury company, as investors bet on continued struggles at LVMH

The president’s refusal to accept a Supreme Court ruling on illegal deportation is a turning point

US vice-president says Trump administration is ‘working very hard’ with Starmer government on tariffs

President acknowledges companies ‘need a little bit of time’ before they can manufacture in US

Payrolled employment falls even as wage growth remains strong

Planning, diversified markets and control of strategic materials potentially give Beijing leverage — if it can bear the pain

Titans of finance and business are beginning to realise they misread the president’s second-term priorities