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US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – business live

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.

In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said.

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