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US begins trade war with China; Airbus blast government's Brexit cluelessness – business live

All the day’s economic and financial news, as China accuses Donald Trump of starting “the biggest trade war in economic history” Airbus: Government still has no clue Introduction: US fires first bullet in trade war $34bn of Chinese exports face 25% tariffs Coming up: US jobs report 9.33am BST Newsflash: Airbus says is already taking steps to protect itself from Brexit damage: Significant re Airbus' warning hard Brexit could force it out of UK. CEO Tom Enders says the company is already putting plans in place: "Rest assured that we are taking first preparations as we speak in order to mitigate consequences from whatever Brexit scenario may follow." Airbus CEO Tom Enders says hard Brexit is worst-case scenario but all Brexits are bad: "Brexit in whatever form, soft or hard, light or clean, whatever you call it, will be damaging for industry, for our industry and damaging for the UK, whatever the outcome will be.” 9.21am BST Airbus CEO Tom Enders insists he isn’t trying to meddle in UK politics - despite launching such a stinging attack on the government. More from Airbus CEO Tom Enders on Brexit: "We believe UK should at least stay in customs union, should stay in regulatory bodies such as EASA and ECJ. This is a minimum that would be required to minimise damage to business." (1/2) Airbus CEO Tom Enders: "I’m not a politician. Our interference is not to play politics. We owe it to our stakeholders to be truthful about the consequences and those would be severe in the event of an unorderly or hard Brexit." (2/2) Continue reading...
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