The long-awaited UK-US trade deal officially came into force, reducing tariffs on UK exports to the US and strengthening transatlantic economic ties.
Browsing: US tariffs Live
Cliff Notes: Nike says Trump tariffs could cost it $1bn Nike estimates an additional $1 billion in costs this year if current US tariffs remain…
In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.
France and Germany have joined forces in calling for a measured yet assertive EU response to proposed U.S. tariffs on aircraft and aircraft parts, part of Washington’s broader 20% levies on EU imports.
US President Donald Trump announced the signing of the UK-US trade deal, highlighting its potential to create jobs and boost income in both nations.
President Trump claims a deal with China is finalised, though specifics on tariff reductions remain unclear, highlighting ongoing negotiations.
The UK Economy shrank by 0.3% in April, exceeding economists’ expectations of a 0.1% contraction, largely due to President Trump’s tariff policies.
US and Chinese delegations are negotiating significant trade issues, including tech export restrictions and rare earth minerals.
The UK has been temporarily spared from a steep hike in US steel and aluminium tariffs, following a new executive order signed by former President Donald Trump. While tariffs on other countries doubled from 25% to 50% starting Wednesday, the UK will remain at 25%—for now.
The United States and China have agreed to a temporary reduction in the tariffs they impose on each other’s imports, marking a significant—if short-term—easing in trade tensions between the two economic powers.
Cliff Notes – UK-US trade deal ‘isn’t worth the paper it’s written on Nobel laureate Joseph Stiglitz criticises the UK-US trade deal, stating it “isn’t…
Donald Trump has announced he will hit foreign-made movies with 100% tariffs sending shockwaves through the entertainment industry. Trump says the US film industry is dying as filmmakers have been leaving Hollywood for cheaper destinations such as Canada and the UK.
China’s Commerce Ministry is evaluating the Trump administration’s approaches for trade talks, but one-sided tariffs up to 145% are seen as a significant barrier, undermining trust between the two nations.
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
The “de minimis” rule exempts low-value imports from customs tariffs, with thresholds varying by country (£135 in the UK, $800 in the US).
The ongoing choas from Trump’s tariffs are back on the UK front pages as the IMF cuts global growth rates and confirms the UK is set to be amongst the hardest countries hit. The US has received the biggest downgrade amongst advanced economies as anxiety drives gold up amid Trump’s constant attacks on the Federal Reserve boss Jay Powell. There are concerns over how independent the central bank is and general worries over the state of the US economy.
Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.
Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.
The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.
US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
Xi Jinping’s Diplomatic Mission: Chinese President Xi Jinping has commenced a pivotal week of diplomacy in Southeast Asia, beginning his visit in Vietnam. This trip serves to reinforce China’s image as a responsible global player in contrast to the United States’ recent trade policies under President Donald Trump, particularly as the US maintains high tariffs on Chinese goods.
Cliff Notes The Trump administration has announced that smartphones, laptops, and semiconductor manufacturing machines will be exempt from reciprocal tariffs, aiming to control consumer prices.…
The value of the US dollar has fallen in recent days to a new three-year low following the uncertainty over the impact of the Trump tariffs on the global economy.
Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.
Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%.