Trump claimed that companies were only saying costs will go up in order to “negotiate deals” with him. During his announcement of a trade deal with the United Kingdom on Thursday, President Donald Trump dismissed the idea that American consumers will face higher prices on goods still subject to his tariffs. Several companies have repeatedly...
Getty Images/Pool/AFP The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and UK. The announcement offers relief for key UK industries from some of the new tariffs announced by President...
It has long been the great prize for Britain’s post-EU trade freedom – a deal with what is now the world’s most populous country. India has agreed its most generous free trade agreement with the UK, which is at the same time Britain’s biggest post-Brexit trade deal. It means a big boost for key UK...
The trade war with China has sent US stocks on a rollercoaster ride and led to disputes about whether or not China is already discussing a trade deal. But the impact is also being felt in China. Last week there a report showed Chinese factories were slowing down in response to tariffs. Estimates of China’s...
Are you worried about the threat of foreign films? For that matter, aside from Bollywood, are you aware that there is such a thing as a foreign movie industry? It sounds vaguely familiar, but when was the last time you went to see a foreign film? Everything is a national security threat. Foreign films are...
Emma Saunders Culture reporter Getty Images Film tariffs will form part of trade negotiations between the UK and US after Donald Trump said he would apply a 100% charge against movies made in foreign countries. Trump said in an announcement overnight that he would apply tariffs to foreign-made films to help America’s movie industry, which...
Getty Images A 25% import tax on engines, transmissions and other key car parts has come into force in the US, raising pressure on an industry finding its way through a thicket of policy changes. The new tariff comes days after Donald Trump eased the measure in response to business worries, but did not eliminate...
I spent a few moments this morning feeling a little burst of renewed optimism that things were going to be okay. That, economically, we were settling down and strong enough to ride this tariff and trade roller coaster out. I mean, the jobs report came in pretty darn encouraging – a bigger gain than expected,...
Getty Images Donald Trump and Xi Jinping are both trying to save face amid the spiralling tariffs trade war In the early hours of Thursday morning, Chinese state media announced that the United States had been seeking to initiate tariff negotiations with Beijing. It was news the rest of the world had been waiting to...
Lily Jamali North America Technology Correspondent Natalie Sherman Business reporter Getty Images Tariffs on goods coming into the US will add nearly a billion dollars to Apple’s costs this quarter, the tech giant has said, despite President Donald Trump’s decision to spare key electronics from the new import taxes. The estimate from the iPhone maker...
BBC Over the past week I have crossed a radically changing North America, from Arizona to Washington DC in the US and then on to Saskatchewan in Canada, witnessing clear evidence of the consequences of historic change in the way the world economy is run. Huge uncertainty means nobody really knows where it is headed....
HITLER HITLER HITLER. The left is obsessed with comparing Donald Trump with Adolf Hitler. That’s not news, of course. They have been doing it since 2016, and the mere fact that it is ridiculous on its face is no barrier to their continuing to do so. The Atlantic, the once-great magazine that Lauren Powell Jobs...
Over the last couple of weeks, even as tariffs have wreaked havoc on markets around the world, President Donald Trump and U.S. Commerce Secretary Howard Lutnick have repeatedly teased the notion of slapping hefty tariffs on imported pharmaceuticals. Lutnick has said these are likely to be introduced before the summer. Trump’s rationale for placing tariffs...
Top executives at well-known US firms are warning about the impact that tariffs are having on their companies and the wider economy. Technology giant Intel, footwear maker Skechers and consumer goods firm Procter & Gamble, have either cut their profit forecasts or withdrawn them citing economic uncertainty. US President Donald Trump has been trying to...
Tom Espiner BBC business reporter Getty Images China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries. A Chinese official said there had been no trade talks with the...