4 h. ago Toy giant issues warning over price increase thanks to Trump’s tariffs

The Trump administration has imposed a 145% tariff on a wide range of Chinese-made goods

Events

4 h. ago Barbie maker raises prices due to Trump tariffs as Ford warns of $1.5bn cost

Toy company Mattel says it will reduce imports into the US from China to below 15% by 2026Business live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US in response to Donald Trump’s tariffs while carmaker Ford said the US president’s measures would cost it about $1.5bn (£1.1bn) this year.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Economics

4 h. ago Barbie maker Mattel to raise some US prices due to Trump tariffs

Carmaker Ford says tariffs will cost it about $1.5bn this year as toymaker says it will reduce imports from ChinaBusiness live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US as Donald Trump’s sweeping tariffs bump up costs for the toymaker.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Politics

5 h. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

11 h. ago Mike Pence rebukes Trump over tariffs and ‘wavering’ support for Ukraine

Former vice-president says tariffs ‘not a win for the American people’ and predicts public pressure will growDonald Trump’s tariffs policy will trigger a “price shock” and possible shortages, and lead to public pressure on him to change his approach, the former vice-president Mike Pence has said.In one of his most wide-ranging critiques yet on the policies of the president he used to serve, Pence, speaking to CNN, derided the White House’s “wavering” support for Ukraine and declared – in direct contradiction of repeated assurances from Trump – that President Vladimir Putin of Russia “doesn’t want peace”. Continue reading...

Politics

4 d. ago Microsoft raises Xbox prices globally amid tariff uncertainty

Sony also raised PlayStation 5 price and Nintendo delayed Switch 2 pre-orders as Trump tariffs throw electronics manufacturing into chaosMicrosoft announced on Thursday that it will increase Xbox console prices worldwide, citing “market conditions” just days after Sony made a similar move with its PlayStation 5.The tech giant also plans to raise prices for some new games developed by its video game subsidiaries. Continue reading...

Economics

5 d. ago Trump 100 days: tariffs, egg prices, Ice arrests and approval rating – in charts

The first few months have seen record-breaking use of executive powers – here are some of the outlying trendsTrump 100 days: inside Trump’s whirlwind start to his second presidencyWhen reading a chart, an outlier is often the first thing you notice. The first 100 days of Donald Trump’s second term has been full of them: immigration arrests spiking. Markets falling. Emission trends reversing. Hundreds of day one pardons to insurrectionists. Record-breaking use of executive powers. Continue reading...

Politics

5 d. ago US inflation cools, consumer step up spending, as Americans brace for tariff impact

A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented

Economics

6 d. ago Aston Martin latest firm to be hit by Trump Tariffs as MPs warn UK businesses might be forced to accept cash

Watch today’s business headlines in under two minutes as Aston Martin limits American imports amid widening losses, cash looks here to stay a while longer, and UK house prices dip slightly.

Events

6 d. ago France avoids recession as economy returns to growth; UK house prices drop – business live

Rolling coverage of the latest economic and financial newsChina manufacturing activity plummets amid Trump tariff warAverage UK house prices fell this month, lender Nationwide reports, after the rush to avoid an increase in stamp duty faded.According to Nationwide, house prices fell by 0.6% in April, with the average price dropping to £270,752 from £271,316 in March.Early indications suggest there was a significant jump in transactions in March, with buyers bringing forward their purchases to avoid additional tax obligations.“The market is likely to remain a little soft in the coming months, following the pattern typically observed following the end of stamp duty holidays. Nevertheless, activity is likely to pick up steadily as summer progresses, despite wider economic uncertainties in the global economy, since underlying conditions for potential home buyers in the UK remain supportive. Continue reading...

Economics

6 d. ago Trump hails Bezos for scrapping plan to show Amazon shoppers tariff price hikes on products

Online retail giant claims that policy angry president attacked showing tariff price hikes on products was ‘never approved and is not going to happen’

Economics

6 d. ago Amazon says it won’t display tariff costs after Trump called Bezos over ‘hostile and political’ move

Amazon denied that it would display costs associated with tariffs for products on its website after Trump expressed anger over the policy

Politics

6 d. ago Donald Trump declares war on Jeff Bezos over Amazon's 'hostile' tariff price rise

Donald Trump's White House Press Secretary Karoline Leavitt condemned Jeff Bezos' move as “a hostile and political act by Amazon”, adding that she had spoken directly with the president about the decision.

Politics

6 d. ago White House lashes out at ‘hostile and political act by Amazon’

Spat comes after report alleged tech giant was planning to display price increases caused by Trump’s tariffs

Politics

6 d. ago White House rips ‘hostile and political’ move by Bezos’ Amazon to display how much costs are for tariffs

Amazon reportedly plans to display rising costs that are associated with tariffs for products on its website

Politics

8 d. ago China stockpiles oil as Trump tariff shock hits crude prices

Imports surged in March and continued to accelerate despite concerns global economy will weaken

Events

8 d. ago Grocery giant sounds major warning on price hikes that will impact all Americans after Trump's tariffs

One of North America's largest supermarket chains has bluntly told its suppliers they will not accept increased prices related to Trump-imposed tariffs.

Events

1 week ago Energy price cap set to fall in July as Trump tariffs bring unexpected effects

UK households could soon see a £166 drop in bills on average

Politics

2 w. ago US chocolate prices surge amid soaring cocoa costs and tariffs

Price of cocoa – chocolate’s key ingredient – has climbed over past year and tariffs on imports will keep prices highFor many Americans celebrating Easter, the holiday is incomplete without chocolate: chocolate bunnies and eggs, bars tucked into Easter baskets, candy hidden in plastic eggs for Easter egg hunts.But the rocketing cocoa costs will mean higher prices for chocolate candy this year, and Donald Trump’s tariffs on all imports will likely keep prices high for the foreseeable future. Continue reading...

Economics

2 w. ago Trump live updates: President says Fed Chair Powell’s ‘termination cannot come fast enough’ after tariff comments

President lashes out at Fed chair as European Central Bank moves to cut interest rates, saying he’s ‘always too late and wrong’

Politics