Latest: Energy News

Commentators deride retreat in posturing, but Asian and global markets all rose after US President said tariffs imposed on China are likely to be substantially lower than 145%

Banking sources say the net payments system is designed for large corporations and works directly with 11 Chinese provinces

International Monetary Fund says Trump's tariffs were "a major negative shock" for the global economy and most economies will see slower growth in the near-term

Vance pushes energy and defence deals while discussing a trade agreement and global issues with Modi on his short Indian visit

Trump proposed fees on China-built ships of up to $1.5 million a port call, but officials opted instead to levy fees based on net tonnage, or each container, or car, unloaded

Beijing warns it will impose counter-measures against countries doing deals that seek to compromise China's interests or trade

Seaborn trade from Asia to the US has plummeted, with a vast number of freight shipments cancelled and China's once-bustling ports now at a standstill because of the tariff war launched early this month