In response to Donald Trump’s first term as president, Xi Jinping, China’s leader, initiated a campaign to reduce China’s economic dependence on America. Chinese officials are hoping that a revival in domestic demand,

President Donald Trump's move to impose sweeping tariffs on U.S. imports on allies and rivals alike sparked threats of retaliation on Thursday, intensifying a global trade war that threatens to stoke inflation and raising fears of recession.

The UK refrained from retaliation and will maintain its pursuit of a US trade deal after President Donald Trump slapped 10% tariffs on all imports from the country as part of a wider package of global levies.