China and US agrees tariff cuts

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The retaliatory tit-for-tat rise in tariff rates between the US and China has been cancelled, following talks in Switzerland and the so-called "reciprocal" tariff rate of 34% is lowered to 10%. It's a ceasefire on what has become a global trade war as markets are rising again, and container ships can set sail across the Pacific. But economically, who benefits more from this short-term ceasefire—Washington or Beijing? Britain's Prime Minister, Sir Keir Starmer has promised the government's new immigration measures will mean net migration falls "significantly" over the next four years. Keir Starmer unveiled plans to ban recruitment of care workers from overseas, tighten access to skilled worker visas and raise the costs to employers in an effort to curb near record net migration.