US President Donald Trump has threatened to impose a “30% or 35%” tariff on Japan if a deal between the two countries is not reached before a deadline next week. That would be well above the 24% tariff Japan was hit with as part of Trump’s so-called “Liberation Day” on 2 April, when he announced...
A deal to cut import tariffs between the US and UK has come into force, giving British car makers preferential access to the world’s biggest consumer market. It will allow UK motor manufacturers to sell up to 100,000 vehicles to the US at a tariff of 10% – a big advantage over international competitors –...
Ali Abbas Ahmadi BBC News, Toronto Getty Images Deal or no deal, what Wes Love wants is certainty. His Toronto-area business, Taurus Craco, imports machinery from overseas and distributes it across North America, mainly to the United States. But President Donald Trump’s shifting tariffs on Canadian products have left him, like many independent business owners,...
People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank. The Federal Reserve stuck with that strategy on Wednesday, voting to leave its key interest rate unchanged. The decision marked the fourth in a row...
Natalie Sherman Business reporter Watch: A trade deal, a family photo and conflict in the Middle East – Trump’s short G7 President Donald Trump has signed an executive order to reduce tariffs on UK cars being shipped to the US, which will bring into force parts of a tariff deal agreed between the two countries...
Prices of toys, car parts and major appliances jumped in the US last month, but the overall impact of Donald Trump’s new tariffs on consumers remained relatively muted. Prices were up 2.4% in May compared with a year ago, up from a rate of 2.3% in April, the latest official inflation figures showed. Housing and...
Has the trade war with China come to an end? Has the media’s war on Donald Trump’s trade policies come to a similar anti-climactic conclusion? Trump declared victory on one of these fronts earlier this morning: OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY...
It is hard to argue the UK exemption from the doubling of US tariffs on imported steel from 25 to 50% is not good news. It was not a given that the UK would get this carve-out despite having done a deal on 8 May to reduce tariffs on the metals to zero. That agreement...
Ben Chu Policy and analysis correspondent, BBC Verify Getty Images The US Court of International Trade on Wednesday struck down President Donald Trump’s tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). The court ruled IEEPA did not give the president the authority to impose certain tariffs. This affects the “fentanyl” tariffs imposed...
Getty Images “Watch the courts” was the whispered message a well-connected diplomat told me in Washington DC last month, amid the previous episode of US tariff chaos. Most eyes were on the high-profile case in California from the Democrat Governor Gavin Newsom – that President Donald Trump’s trade tariffs were illegal. In the event, it...
This latest twist in the Trump trade tariff drama has many people asking what it means for the UK’s deal with the US. The answer is actually not as much as you might think. For a start, the tariffs that the US court has ruled illegal do not include those on cars, which make up...
Nvidia reported a huge boost to its revenues in the first quarter of the year, with sales of its chips rising more than 69% compared to the same period in 2024. The US company’s sophisticated chips have played a central role in the artificial intelligence (AI) boom. But Nvidia’s stock, along with share prices of...
We find out the identity of the man who has been charged with multiple offences after the Liverpool crash. Read full article at source...
Trump’s tariff plan was temporarily reinstated while a court considers a White House appeal. Read full article at source...
PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump’s trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first...