US President Donald Trump has called his Chinese counterpart, Xi Jinping, a "smart man" amid a trade war between the two countries that has triggered an economic storm across the world. The world's two largest economies are at a crossroads after Trump imposed tariffs on China and Beijing announced retaliatory measures.

"I think President Xi is a man who knows exactly what needs to be done. He's a very smart man. He loves his country. I know that for a fact. I know him very well," told reporters at the White House.


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Source: Reuters and AP

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Donald Trump is lashing out at the Chairman of the Federal Reserve as the President's tariffs cause another rough week for the economy. Catherine Rampell and Lucy Caldwell join The Weekend to discuss.

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China opposed the latest round of tariffs implemented by US President Donald Trump on Wednesday, resulting in a 54 percent tariff on all Chinese imports into the US. At a daily press conference in Beijing on Thursday, Ministry of Foreign Affairs spokesperson Guo Jiakun called the tariffs a method of bullying. Watch here.

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President Trump is signaling there may be more tariffs to come and there are growing concerns about how they will impact manufacturing. NBC News’ Gabe Gutierrez and Brian Cheung and co-host of Bloomberg Businessweek Tim Stenovec join José Díaz-Balart to break it all down and share their economic analysis.

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British businesses have warned that they might need short-term support to deal with the impact of Trump’s 10% tariffs, while the UK car industry is facing 25% tariff on their exports to the US.

Speaking to Sky's business correspondent Paul Kelso, some companies say the government are taking the "right approach", while others saying they fear the uncertainty this could bring.

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Former US President Donald Trump shares controversial footage on Truth Social, claiming it shows a deadly US airstrike on Houthi fighters in Yemen. Trump reacts to ongoing tensions over shipping attacks.
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President Trump’s newly-implement tariffs spark condemnation from countries around the world, Elon Musk is expected to leave his role as a special government employee and more than 30 million people from Texas to Pennsylvania are facing severe weather threats.

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President Donald Trump's administration has announced a sweeping new tariff of up to 245% on Chinese imports, sharply escalating the trade conflict between the United States and China. The decision, detailed in a fact sheet released late Tuesday by the White House, comes in response to Beijing’s recent export restrictions and retaliatory tariffs.

“China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the White House said, emphasizing the move as part of Trump’s ongoing “America First Trade Policy.”

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