US-China trade tensions escalate as Trump approves $50bn of tariffs - business live squib

US President Donald Trump is pressing ahead with plans to impose tariffs on $50bn of Chinese imports, raising the prospect of a trade war between the world’s two largest economies

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Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday. The list will contain 800 product categories, down from 1,300 previously.

Trump no longer believes that Beijing’s influence over North Korea is a compelling reason to ease up on trade talks now that his administration has opened up a direct line of communication with the nuclear-armed country, [an] administration official said.

Tesco 1Q trading statement: Positive like-for-like sales growth for a tenth consecutive quarter – Group like-for-like sales improved to 1.8%.https://t.co/1BucnREEj3

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