China announced on Friday it will raise tariffs on US goods from 84% to 125%, in the latest escalation of a trade war bet

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

As tariff wars rage on, a quiet optimism brews between the US and UK, hinting at a breakthrough that could reshape the economic landscape.

Official figures Friday showed that the British economy, the world's sixth-largest, enjoyed a growth spurt in February, the month before U.S. President Donald Trump started to roll out tariffs on imported goods.

Britain’s economy picked up faster than expected in February, in a boost for Labour ahead of an expected slump caused by Donald Trump’s trade war.The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.

Analysts warn the unexpected growth could prove short-lived due to the threat of US tariffs and business tax rises.

The US envoy held talks with the Russian president, meanwhile Moscow's ambassador to the UK told the BBC America is not Russia's ally.

President Donald Trump escalated pressure on Russia in his bid to secure a ceasefire over its war in Ukraine on the same day that an American envoy met with Russian President Vladimir Putin.

US President Donald Trump is disappointed with both Russia and Ukraine in the negotiations to end the war. At the same time, the US believes it has "leverage" in the talks, according to White House spokeswoman Caroline Levitt during a briefing.