China has confirmed that it has detained two Canadian men in what appears to be retaliation for the arrest of Huawei’s chief financial officer.

The US Senate has passed a resolution stating Crown Prince Mohammed bin Salman is responsible for the killing of journalist Jamal Khashoggi.

Theresa May’s hopes of getting EU leaders to help her push her Brexit deal through parliament have been dealt a severe blow as she prepares to return home and face her party.

The UK’s big four auditors will next week face an unprecedented move to limit their market share and allow smaller rivals to gatecrash their self-confessed oligopoly as regulators shake up a sector rattled by a string of corporate collapses.

Mike Ashley has been rebuffed by Debenhams after he offered a £40m loan to bail out the struggling department store amid speculation it had “zero chance of survival”.

 

Brexit uncertainty has pushed a key measure of the housing market to a six-year low, according to surveyors.

Shares in Superdry have plunged by more than a third after it issued its second profit warning in less than two months – blaming mild weather for a potential £22m hit to its bottom line.

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US could slap 10% tariffs on laptops and iPhones imported from China

US could slap 10% tariffs on laptops and iPhones imported from China

US president Donald Trump suggested that he might place a 10% tariff on iPhones and laptops imported from China in an interview with the Wall Street Journal

Trump also said that it’s “highly unlikely” that he would delay an increase in tariffs from 10% to 25% on January 1, just four days before a summit with Chinese President Xi Jinping.

“Maybe. Maybe. Depends on what the rate is,” the president told the Wall Street Journal about the possible iPhone and laptop tariffs. “I mean, I can make it 10%, and people could stand that very easily.”

Apple stock was down nearly 2% in after-hours trading.

Trump said he expects he will increase tariffs on $200bn of Chinese goods to 25%. He will also add $267bn worth of tariffs onto goods that are not already subjected to existing tariffs if the two countries don’t come to a deal.

Currently Apple’s products are exempt from the tariffs. It was previously announced that the tariffs would affect the Apple Watch, AirPods and other products, which were eventually spared when the tariffs were announced. Usually iPhones are assembled in China, despite several parts coming from the US.

Apple could not immediately be reached for comment.

 

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