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China has said it has received overtures from the United States for talks on tariffs — but warned it will need concessions as proof of “sincerity” before any negotiations can take place.The world’s two largest economies are locked in a tit-for-tat tariff war that threatens hundreds of billions in trade and has roiled global markets and supply chains.AFP looks at how the trade war between China and the United States is playing out:- What steps have the two sides taken so far? -The United States has raised tariffs on Chinese imports to 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.As well as the blanket levies, China is also under sector-specific tariffs on steel, aluminium and car imports.Sales of Chinese goods to the US last year totalled more than $500 billion — 16.4 percent of the country’s exports, according to Beijing’s customs data.China has vowed to fight the measures “to the end” and has unveiled reciprocal tariffs of up to 125 percent on imports of American goods, which totalled $143.5 billion last year, according to Washington.Beijing has filed complaints with the World Trade Organization (WTO), citing “bullying” tactics by the Trump administration.And it has gone after American companies, scrapping orders for Boeing planes, probing Google for “anti-monopoly” violations and adding US fashion group PVH Corp. — which owns Tommy Hilfiger and Calvin Klein — and biotech giant Illumina to a list of “unreliable entities”.Beijing has also restricted exports of rare earth elements — critical in the manufacturing of everything from semiconductors to medical technology and consumer electronics.- What’s been the impact so far? – Beijing has long drawn Trump’s ire with a trade surplus with the United States that reached $295.4 billion last year, according to the US Commerce Department’s Bureau of Economic Analysis.Chinese leaders have been reluctant to disrupt the status quo.But an intensified trade war will likely mean China cannot peg its hopes for strong economic growth this year on its exports, which reached record highs in 2024.US duties further threaten to harm China’s fragile post-Covid economic recovery as it struggles with a debt crisis in the property sector and persistently low consumption.The tariff war is already having an impact in the United States, with uncertainty triggering a manufacturing slump last month and officials blaming it for an unexpected slump in GDP in the first three months of the year.”The cost on the US economy and livelihood is beginning to surface,” Mei Xinyu, an economist at the state-affiliated Chinese Academy of International Trade and Economic Cooperation, told AFP.”They are starting to truly feel the cost and impact of pursuing trade hegemony with China,” he said.The head of the WTO said in April that the US-China tariff war could cut trade in goods between the two countries by 80 percent.Analysts expect the levies to take a significant chunk out of China’s GDP, which Beijing’s leadership hope will grow five percent this year.Likely to be hit hardest are China’s top exports to the United States — everything from electronics and machinery to textiles and clothing, according to the Peterson Institute of International Economics.And because of the crucial role Chinese goods play in supplying US firms, the tariffs may also hurt American manufacturers and consumers, analysts have warned.- Are talks likely? -US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs. But Friday’s statement by Beijing suggested it was Washington that’s been reaching out. While China’s commerce ministry said it was “evaluating” the offer, it warned it would need concessions from Washington — namely the lifting of tariffs — before talks could go ahead.”Tariffs cannot be used as a bargaining chip to pressure China. China cannot make any concessions on the tariff issue,” Wang Wen, Dean of Chongyang Institute for Financial Studies at Renmin University of China, told AFP.Analysts in China broadly agreed that pressure on the US economy was driving Washington’s call for talks.”The fact that the US is repeatedly saying it is talking with China proves that the US itself has taken a big hit from the trade war,” Wang Yiwei, director of the Institute of International Affairs at Beijing’s Renmin University of China, said.”China is certainly willing (to negotiate), and so is evaluating and observing the US side’s sincerity — is it all just bluff and bluster… or is it actually something real that could yield plans for serious talks?”

China said Friday it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with fresh 125 percent duties on imports from the United States.High-end tech goods such as smartphones, semiconductors and computers have received a temporary reprieve from US tariffs.US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs, and this week said he believed there was a “very good chance we’re going to make a deal”.Beijing’s commerce ministry on Friday said that it was the US that had reached out and that it was “currently evaluating” the offer. But, it said, any talks would first require concessions from the US side.”If the US wants to talk, it should show its sincerity to do so, be prepared to correct its wrong practices and cancel unilateral tariffs,” the ministry said.”In any possible dialogue or talks, if the US side does not correct its wrong unilateral tariff measures, it just means the US side is completely insincere and will further damage the mutual trust between the two sides,” it added.”Saying one thing and doing another, or even attempting coercion and blackmail under the guise of talks will not work,” the commerce ministry said.Wu Xinbo, director of the Center for American Studies at Shanghai’s Fudan University, said that Beijing would likely play hardball.”Of course the US hopes to start negotiations as soon as possible, but our attitude is: ‘you must first take some action to show sincerity’,” Wu told AFP.Once the US revokes tariffs on China, “we can discuss our legitimate concerns”, such as Washington’s worries about unbalanced bilateral trade and Beijing’s gripes over US efforts to “suppress” its technological development, he said.Dozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates.Beijing, in contrast, has vowed to fight a trade war to the bitter end if needed, with a video posted on social media this week by its foreign ministry vowing to “never kneel down!”.”China’s position has always been perfectly consistent,” the commerce ministry said Friday.”If it’s fight, we will fight to the end; if it’s talk, the door is wide open. The tariff war and trade war were unilaterally initiated by the US side.”- ‘Olive branch’ -China has acknowledged global economic vicissitudes have strained its economy, long dependent on exports, with officials admitting that foreign-facing firms are facing difficulties.Data this week showed factory activity shrank in April, with Beijing blaming a “sharp shift” in the global economy.And on Wednesday data showed the US economy unexpectedly contracted in the first three months of the year Donald Trump’s tariff plans triggered an import surge.The United States also ended tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers’ purchasing habits.Ja-Ian Chong of the National University of Singapore said it remained unclear whether any progress can be made, despite the mounting economic need for both sides to make a deal.”Neither side wishes to look weak,” he said.Analyst Stephen Innes at SPI Asset Management said Beijing’s latest comments represented the “first olive branch” in the gruelling trade war.”On paper, both capitals are waving detente flags,” he wrote in a note.”But dig a layer deeper, and the path is still littered with landmines,” he said.”China’s pledge to fight ‘to the end’ wasn’t retired — just shoved behind softer soundbites — and the ‘cancel duties first’ stick remains a non-starter for the White House.”

Tokyo’s envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been “frank and constructive.”Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminum.President Donald Trump also in early April announced “reciprocal” tariffs on Japan of 24 percent, but later put them on pause for 90 days along with those on other countries except China.”We were able to move forward in frank and constructive discussions to reach a mutually beneficial agreement as soon as possible,” Ryosei Akazawa told reporters Thursday.”We were able to advance concrete discussions on, for example, expanding trade between our two countries, non-tariff measures and economic and security co-operation.”Akazawa said he had “strongly proposed” to US Treasury Secretary Scott Bessent and other officials that Trump’s sweeping levies on trade partners be reviewed.The next round of ministerial-level talks will “take place intensively from mid-May onwards,” Akazawa said. Thursday’s talks followed an initial meeting in mid-April.Akazawa said any deal on tariff relief would be in the form of a package, which will be announced when finalized.”We have not yet reached the point where we can find areas of agreement,” Prime Minister Shigeru Ishiba told reporters.”However, I have been informed that the discussion was very positive and constructive.”- ‘Firmly defending’ interests – Trump has repeatedly called for a stronger yen to boost US exports, but foreign currency rates were not discussed Thursday, Akazawa said.The yen has risen significantly since Trump’s tariffs were announced, and was trading at 145 for a dollar, compared with 158 in mid-January.Japanese media had said the second round of talks could focus on automobiles and agricultural products, which Akazawa called “very important economic sectors.””We have no intention of negotiating in a way that would be detrimental to the national interest, so we have been firmly defending what needs to be defended and saying what needs to be said,” he said.Akazawa had told reporters at the airport on Wednesday that “Japanese companies are losing money each and every day” because of US tariffs. He said Thursday that he did not discuss China with the US officials, adding that Japan has a “very strong trade relationship with China too.””We will continue to monitor the developments in US-China relations, including the tariff measures against China, with great interest.”Separately, Finance Minister Katsunobu Kato said on a TV Tokyo program on Friday that Japan’s holdings of US Treasuries could be a bargaining chip in the negotiations.”It is natural to discuss everything that is a negotiation card… Whether we use them or not is another matter,” Kato said, according to TV Tokyo.”We don’t keep (the Treasury holdings) to support the US. We will intervene if our country is in trouble.”

With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda’s yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight — much to President Donald Trump’s annoyance.Japan’s Toyota is the second-top-selling automaker in the United States, where it shifted more than 2.3 million vehicles last year.Meanwhile US industry leader General Motors sold just 587 Chevrolets and 449 Cadillacs in Japan, while Ford pulled out of the tough Japanese market nearly a decade ago.And it’s not just an aversion to foreign brands — in 2024 Mercedes-Benz sold more than 53,000 vehicles and BMW sold over 52,000 including Minis.”They don’t take our cars, but we take MILLIONS of theirs!” Trump said in April, accusing Japan of treating its ally “very poorly on trade”.To try and rev up the US auto industry, Trump has imposed a 25 percent levy on imported vehicles, in a major blow to Tokyo.Many people in Japan admire vintage US cars, but when it comes to new wheels, they hold more trust in domestic brands, Fukuda told AFP.West Coast hip-hop booms out at his shop Y-Tech, an incongruous slice of Americana amid the rice paddies north of Tokyo.”To be honest I think the problem is the size of the roads,” as well as an impression that US cars break down more often, which is likely unfounded, Fukuda said.At his garage, the 20 or so classic US models in varying states of restoration include a silver-green 1970 Chevrolet Nova and a 1954 Buick Roadmaster.But Fukuda also drives a modern SUV — a General Motors Yukon, which is two metres (6.5 feet) wide and “sticks out or is packed in” when parked in Tokyo’s narrow streets.Although some US cars are smaller, the brands remain a niche choice because “there are hardly any places that sell them or repair them”, he said.- ‘Bowling ball test’ -Yuka Fujimoto, a 42-year-old modelling agency manager, told AFP she had never considered buying a US car.”American cars don’t sell very well” in Japan, where domestic automakers offer “a wide range of line-ups including for families”, she said.However Trump believes Japan is keeping out American cars with “non-tariff cheating”.This includes “Protective Technical Standards (Japan’s bowling ball test)” he wrote last month on Truth Social.”They take a bowling ball from 20 feet up in the air and they drop it on the hood of the car. And if the hood dents, then the car doesn’t qualify,” Trump reportedly elaborated in 2018.A Japanese transport ministry official in charge of safety standards told AFP that no actual bowling balls are used.Trump “may be mixing it up with a test where a hemispherical human head model is hit on the hood”, the official said.But the car’s bonnet is in fact required to dent to absorb the impact, he explained.Tweaking Japan’s vehicle import procedures is a potential bargaining chip for Tokyo in tariff talks with Washington.The country could offer to widen access to a simplified screening process which currently applies to 5,000 vehicles per model annually, Japanese media reports said.- Fuel efficiency -Trump’s auto tariffs have already brought some changes, with Nissan last month revising plans to reduce US production.Meanwhile Honda is moving production of its hybrid Civic model from Japan to the United States, saying no “single issue” had prompted the decision.But US carmakers still face the problem of tepid demand among Japanese consumers.Hisashi Uchida, a 56-year-old construction firm employee, said his Toyota car “doesn’t have any special features, but it doesn’t break down”.”Many American cars can’t be parked at multi-storey parking lots, and their fuel efficiency isn’t good,” he said.Overall “I don’t think US carmakers are really putting importance on the Japanese market, which is significantly smaller than their home market”, said Masamitsu Misawa, chief editor of Japanese vehicle magazine Car Top.In contrast, German car brands offer a better range and their designs “better match Japanese people’s tastes”, he told AFP.Cars in Japan drive on the left, and unlike US rivals European automakers usually put the steering wheel on the correct side for vehicles sold there, he added.That could be changing. General Motors’ 8th-generation Chevrolet Corvette has right-hand drive in Japan for the first time.”I think that reflects efforts (for selling in Japan) by manufacturers and importers,” Misawa said.

Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.US markets forged higher Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.Apple reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.And Amazon reported a nine percent rise in first-quarter revenue, but its outlook fell as potential impact from the US-China trade war rattled investors.Washington’s punishing levies reached 145 percent on many Chinese products in April, while Beijing has responded with fresh 125 percent duties on imports from the United States.On Friday, China’s commerce ministry said it was evaluating a US offer for negotiations on tariffs, but wanted Washington to show “sincerity” and be ready to scrap levies that have roiled global markets and supply chains.US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs, and this week said he believed there was a “very good chance we’re going to make a deal”.Dozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates.Stephen Innes of SPI Asset Management said Beijing and Washington were now “waving detente flags” in their spiralling trade war.Beijing’s demand for sincerity was an apparent call to ditch the 145 percent rate, before holding serious talks, Innes said in a note Friday.”But dig a layer deeper, and the path is still littered with landmines,” he added.In Asia trading Friday, Hong Kong’s Hang Seng Index was up more than one percent in the morning, while Japan’s main Nikkei index gained about 0.6 percent.Japan’s envoy for US tariff talks said in Washington on Thursday that a second round of negotiations between the two countries had been “frank and constructive”.Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminium.The Bank of Japan warned earlier that tariffs were fuelling global economic uncertainty and revised down its growth forecasts while keeping its key interest rate steady.Traders are looking ahead Friday to US jobs data for April for indications of the US central bank’s path for interest rates.- Key figures at around 0220 GMT -Tokyo – Nikkei 225: UP 0.6 percent at 36,677.95Hong Kong – Hang Seng Index: UP 1.2 percent at 22,386.08Shanghai – Composite: closed for holidayEuro/dollar: UP at $1.1297 from $1.1289 on ThursdayPound/dollar: UP at $1.3295 from $1.3277Dollar/yen: DOWN at 145.43 yen from 145.44 yenEuro/pound: DOWN at 84.98 pence from 85.02 penceWest Texas Intermediate: UP 0.9 percent at $59.75 per barrelBrent North Sea Crude: UP 0.8 percent at $62.62 per barrelNew York – Dow: UP 0.2 percent at 40,752.96 (close)London – FTSE 100: FLAT at 8,496.80 (close)burs-sco/rsc

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call.Cook said he expected “a majority of iPhones sold in the US will have India as their country of origin,” adding that Apple’s products were exempt from Trump’s most severe reciprocal tariffs for now.”We are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter,” Cook said. “Assuming the current global tariff rates, policies and applications do not change for the balance of the quarter and no new tariffs are added, we estimate the impact to add $900 million to our costs.”Tit-for-tat exchanges have seen hefty US levies imposed on China, with Beijing setting retaliatory barriers on US imports.High-end tech goods such as smartphones, semiconductors and computers received a temporary reprieve from US tariffs.Although completed smartphones are exempted from Trump’s tariffs for now, not all components that go into Apple devices are spared, said independent tech analyst Rob Enderle.”The more components are crossing borders, the most cost flows through to the device,” Enderle explained.”In the end, this all adds up to an expensive mess,” he said of the tariff situation.Canalys research manager Le Xuan Chiew said Apple built up inventory ahead of the tariffs going into effect.”With ongoing fluctuations in reciprocal tariff policies, Apple is likely to further shift US-bound production to India to reduce exposure to future risks,” he said.While iPhones produced in mainland China still account for the majority of US shipments, production in India ramped up toward the end of the quarter, according to Canalys.Cook said Vietnam would be the country of origin for almost all iPad, Mac, Apple Watch and AirPod products sold in the US.China will continue to be where most Apple products are made for sale outside the US, he insisted.”What we learned some time ago was that having everything in one location had too much risk with it and so we have, over time with certain parts of the supply chain, opened up new sources of supply,” Cook told analysts.”You could see that kind of thing continuing in the future.”- Sales slip in China -Apple’s revenue of $95.4 billion in the recently ended quarter was driven by iPhone sales, with the company reporting $24.8 billion profit for the quarter.”Apple saw strong growth in the Americas and Japan,” said CFRA Research equity analyst Angelo Zino, noting part of the reason could have been ramped up orders to get ahead of US tariffs.”China revenue declined 3 percent, but the hope was for growth as subsidies were put in place to help stimulate demand in the region.”Apple shares were down more than three percent in after-market trading.”The real story is in Tim Cook’s plans to navigate these unprecedented trade challenges,” said Emarketer analyst Jacob Bourne.Apple’s plan to shift manufacturing to India “raises pressing questions about execution timeline, capacity limitations, and potentially unavoidable cost increases that will shrink margins, be passed to consumers, or have a mix of consequences,” Bourne added.

The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers’ purchasing habits. US President Donald Trump’s decision to ban the so-called “de minimis” exemption from May 2 could affect some 4 million shipments every day, according to the White House.The move announced last month means that goods shipped commercially will soon be subject to new tariffs of 145 percent — the current level of levies imposed on goods coming from China. Items sent through the US Postal Service will be hit with duties of 120 percent of their value, or a $100, which will increase to $200 next month. The measures mark the latest salvo in a burgeoning trade war between the United States and China — the world’s two largest economies.The White House has also slapped additional levies of 25 percent on several sectors including automobiles, steel and aluminum from China. Beijing retaliated with sweeping 125 percent levies on US imports. Most other US trading partners face a baseline tariff of 10 percent, except for Mexico and Canada which face a higher 25 percent tariff on goods not covered by a current North America free-trade deal. The effect of the de minimis change is likely to be significant, changing overnight the cost of small-ticket, Chinese-made items that Americans have come to rely on, from clothes to toys. The move threatens to hammer the business model of several large Chinese firms, including fast-fashion titans Shein and Temu. The Financial Times reported earlier this week that Shein was postponing a long-standing plan to list on public stock markets due to the looming de minimis changes.The company is exploring ways to restructure its business in the United States and is prioritizing finding “clarity” on tariffs over its initial public offering, according to the Financial Times. Trump first floated cancelling the exemption in February before backtracking after the move caused logistical disruptions. At the time, Beijing accused the United States of “politicizing trade and economic issues and using them as tools.”

Global stocks mostly rose Thursday with Wall Street forging higher following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.Several markets were shut in Europe and Asia for the May 1 holiday, including those in France, Germany, Hong Kong and mainland China.Among markets that were open, London was flat, while Tokyo climbed more than one percent after Japan’s central bank kept its key interest rate steady and warned of trade uncertainty.Back on Wall Street, the tech-dominated Nasdaq led major US indices, winning 1.5 percent after AI strength boosted Microsoft results while robust ad spending lifted Facebook parent Meta.Tokyo’s main Nikkei 225 index closed 1.1 percent higher after the central bank’s decision to hold rates caused the yen to fall against the dollar, boosting Japanese exporters.The Bank of Japan warned that trade tariffs are fueling global economic uncertainty and revised down its growth forecasts for the world’s fourth-largest economy.Oil prices finished solidly higher, rebounding from an early retreat as US President Donald Trump vowed to enforce sanctions and called for a global boycott of Iranian oil or petrochemicals.US stocks have been on an upswing over the last week or so as Trump’s administration has touted progress on talks with trading partners over his wide-ranging tariffs.But investors remain anxious about the economic outlook amid concerns that Trump’s trade wars are delaying corporate investment and depressing consumer spending.On Thursday, the Institute for Supply Management (ISM) manufacturing index slipped to 48.7 percent in April, a touch below its level in March, and below the 50-point mark separating expansion from contraction.Businesses that responded to the survey flagged Trump’s trade policy rollout as a key cause for concern.Meanwhile, an updated analysis from S&P Global Ratings lowered the 2025 economic growth forecast for the United States, saying, “We see a material slowdown in growth, but do not foresee a US recession at this juncture.”Markets are looking ahead to Friday’s US jobs data for April for indications of the Federal Reserve’s path for interest rates.”All that matters for the Fed is the jobs market so we head into a big risk event with tomorrow’s payrolls report,” said Neil Wilson, UK investor strategist at Saxo Markets.- Key figures at around 2040 GMT -New York – Dow: UP 0.2 percent at 40,752.96 (close)New York – S&P 500: UP 0.6 percent at 5,604.14 (close)New York – Nasdaq: UP 1.5 percent at 17,710.74 (close)London – FTSE 100: FLAT at 8,496.80 (close)Paris – CAC 40: closed for holidayFrankfurt – DAX: closed for holidayTokyo – Nikkei 225: UP 1.1 percent at 36,241.70 (close)Hong Kong – Hang Seng Index: closed for holidayShanghai – Composite: closed for holidayEuro/dollar: DOWN at $1.1289 from $1.1328 on WednesdayPound/dollar: DOWN at $1.3277 from $1.3329Dollar/yen: UP at 145.44 yen from 143.07 yenEuro/pound: UP at 85.02 pence from 85.00 penceWest Texas Intermediate: UP 1.8 percent at $59.24 per barrelBrent North Sea Crude: UP 1.8 percent at $62.13 per barrelburs-jmb/sst

Oil prices fell and stocks were mixed on Thursday in thin holiday trading, following weak US economic data that added to growth concerns. Several markets were shut in Europe and Asia for the May 1 holiday, including in France, Germany, Hong Kong and mainland China.Among markets that were open, London was flat, while Tokyo climbed over one percent after Japan’s central bank kept its key interest rate steady and warned of trade uncertainty.Oil plunged under $60 per barrel, weighed down by disappointing economic data from the US on Wednesday and on expectations that OPEC+ will increase production more than expected in June.Lower oil prices impacted energy giants BP and Shell, with their shares falling three percent and two percent respectively on London’s FTSE 100 index.”Oil prices are at lows not seen since the pandemic, as concerns about the trade hit to global growth keep swirling,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown. “As economies are expected to slow, demand for energy is set to follow suit,” she added.Tokyo’s main Nikkei 225 index closed 1.1 percent higher after the central bank’s decision to hold rates caused the yen to fall against the dollar, boosting Japanese exporters.The Bank of Japan warned that trade tariffs are fuelling global economic uncertainty and revised down its growth forecasts for the world’s fourth-largest economy.US President Donald Trump has imposed hefty levies on trading partners and imports including steel, aluminium and autos to rectify what he says are unfair trade imbalances.Markets are looking ahead to Friday’s US jobs data for April for indications of the Federal Reserve’s path for interest rates.”All that matters for the Fed is the jobs market so we head into a big risk event with tomorrow’s payrolls report,” said Neil Wilson, UK investor strategist at Saxo Markets.Wall Street stocks opened sharply lower on Wednesday after US government data showed the economy shrank by an annual rate of 0.3 percent in the first quarter, amplifying recession worries.But they moved gradually higher through the day, rising after mid-morning data showed personal spending in March topped estimates.As more companies pull back from earnings forecasts in the face of the uncertainty regarding US tariffs, tech giants Meta and Microsoft reported quarterly profits that were above expectations on Wednesday.Shares in Meta — which owns Facebook, Instagram and WhatsApp — rose more than four percent in after-market trades.Investors are now awaiting earnings from US giants Amazon and Apple later in the day for further signals of the impact of tariffs on businesses.- Key figures at around 1100 GMT -London – FTSE 100: FLAT at 8,497.13 pointsParis – CAC 40: closed for holidayFrankfurt – DAX: closed for holidayTokyo – Nikkei 225: UP 1.1 percent at 36,241.70 (close)Hong Kong – Hang Seng Index: closed for holidayShanghai – Composite: closed for holidayNew York – Dow: UP 0.4 percent at 40,669.36 (close)Euro/dollar: DOWN at $1.1333 from $1.1342 on WednesdayPound/dollar: UP at $1.3338 from $1.3328Dollar/yen: UP at 144.29 yen from 143.18 yenEuro/pound: FLAT at 84.97 pence from 84.97 penceWest Texas Intermediate: DOWN 3.0 percent at $56.45 per barrelBrent North Sea Crude: DOWN 2.8 percent at $59.38 per barrelburs-ajb/yad