Annabelle Liang Business reporter Alamy The Nike Air Jordan 1 is, in some ways, the iconic US shoe. It’s a popular sneaker line by a large American brand, created four decades ago for homegrown basketball legend Michael Jordan. But although Nike sells most of its products in the US, almost all of its shoes are...
Simon Jack Business editor Getty Images As stock markets continue to tumble after the US imposition of sweeping and swingeing tariffs, many are asking does this qualify as a stock market “crash” and what that could mean for them. The word crash has been used sparingly over the decades and is usually reserved for a...
Getty Clothing from well-known American brands like the Gap could see a price increase, as they rely heavily on Asian countries for production US President Donald Trump’s plan to impose tariffs – or import taxes – for nearly every country in the world could push prices up on almost all the staples Americans routinely buy,...
Natalie Sherman Business reporters, BBC News Getty Images Stock market turmoil deepened on Friday, as China hit back at tariffs announced by Donald Trump, raising the likelihood of an extended trade war and damage to the global economy. All three major stock indexes in the US plunged more than 5%, with the S&P 500 dropping...
Tom Gerken Technology reporter Nintendo Nintendo says it will no longer open pre-orders for the Switch 2 in the United States next week, following the introduction of steep tariffs on exports from Japan. The firm unveiled the much-anticipated console on Wednesday, the same day US President Donald Trump announced his sweeping new global tariffs. It...
Stephen McDonell BBC China correspondent Reuters Neither Donald Trump nor Xi Jinping looks like they are going to back down on tariffs soon American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of...
Getty Images Donald Trump has upended global trade with his tariffs announcement Fundamentally wrong, was how Germany’s outgoing chancellor, Olaf Scholz, described the new Trump tariffs. A unilateral attack – that was the view of Spain’s Prime Minister Pedro Sánchez. French President Emmanuel Macron called them brutal, unfounded and certain to have a “massive impact”...
The boss of US pharmaceutical giant Eli Lilly says there is no looking back from Donald Trump’s decision to impose sweeping tariffs on imports from the rest of the world. In an exclusive interview with the BBC, David Ricks described it as a watershed moment in US economic history, “I think it’s a pivot in...
Five Americans share their view on the sweeping import taxes the president has announced. Read full article at source...
On Wednesday, President Trump unveiled new tariffs on imports to the US which will form a central part of his government’s new trade policy. In his speech, he listed the new tariffs to be imposed on a number of countries, including the country’s biggest trading partners, and a more complete list was released later by...
Amid talk of a trade war, Trump’s tariffs have also raised questions over the atmosphere at the various sports events it is due to host, not least the Ryder Cup in the US later this year. With European Union leaders highly critical of the policy, it would be little surprise if anti-European sentiment among the...
Paul Kirby & Laura Gozzi BBC News EUROPEAN COMMISSSION/DATI BENDO/HANDOUT European Commission President Ursula von der Leyen has already laid out initial countermeasures Europe’s leaders had been preparing for “Trump’s trade war” – but the reality of a 20% blanket US tariff still came as a shock. “This decision is a catastrophe for the economic...
BBC Verify’s Ben Chu takes a look at the wide range of different tariffs being imposed on countries. Read full article at source...
Kate Whannel Political reporter Sam Francis Political reporter Getty Images The UK government is drawing up a list of US products it could hit with retaliatory tariffs after President Donald Trump announced a wave of new import taxes. This is a toughening of the government’s stance as ministers seek to finalise a trade deal with...
Watch: Three things to know about Trump’s tariffs announcement US President Donald Trump announced sweeping tariffs on goods from countries across the world, on what he called “Liberation Day”. He says the move will make America wealthy again, but economists warn that prices could rise for Americans and fears of a global trade war have...