Europe threatens tariffs on US peanut butter and orange juice as trade war looms – business live

The EC has drawn up a list of American products to target if Donald Trump doesn’t back down over steel tariffs

Earlier:

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Markets fall as Trump says trade wars are ‘good and easy to win’ – business live

Donald Trump’s plan to impose tariffs on steel and aluminium imports have caused international criticism, and sent markets sliding

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US unemployment claims hit 48-year low as factory growth surges – as it happened

Strong jobless and manufacturing data suggest America’s economy remains solid.

Earlier:

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Davos 2018: Theresa May and Donald Trump to meet – live updates

Rolling coverage of the third day of the World Economic Forum

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Davos 2018: Justin Trudeau blasts gender inequality; Modi warns against protectionism; Blanchett on refugees – as it happened

Rolling coverage of the opening day of the World Economic Forum in Davos, including speeches by Indian PM Narendra Modi and Canada’s Justin Trudeau

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FTSE 100 hits record high; Bitcoin falls as South Korea announces crackdown – business live

All the day’s economic and financial news, as South Korea pledges new regulations on cryptocurrency trading

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Markets rally after Trump’s tax victory – business live

All the day’s economic and financial news, as news that the US Senate has passed Donald Trump’s tax reform bill lifts shares and the US dollar

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