Latest: Energy News

China restricts imports of US movies after Trump's latest tariff hike, which follows a ban last week imposed on rare earth exports. But Beijing says it's still ready to discuss trade concerns

China retaliated on Wednesday after the Trump Administration imposed a 104% tariff on Chinese goods – by hiking their levy on US exports to 84%.

Renewable power generation provided a record 32% of global electricity last year

Investor fears cooled on Tuesday after China and the EU pushed back against Trump's tariff threats, while advisers and US business leaders urged the President to target business deals

The Hang Seng saw its largest fall since 2008, while stocks in Japan and Taiwan were also hit hard. Over 50 nations are trying to negotiate smaller tariffs with the US

Beijing said it would impose 34% tariffs on imports from the US next week and limits on rare earth minerals, but countries in Southeast Asia are still coming to grips on how they will manage the trade crisis

The US has imposed tariffs ranging from 10% to 49% on countries across Asia and the rest of the world – plus two uninhabited Australian islands near Antarctica. In Asia there are fears of a trade war and a recession