5 d. ago Scramble underway to stop Trump tariffs hitting Britain’s pharmaceutical industry

Donald Trump has warned tariffs on pharmaceuticals would come ‘in the not too distant future’

Politics

5 d. ago UK scrambling to get Donald Trump to slash tariffs to zero, says minister as US threatens medicines levies

Tariffs on Britain’s pharmaceutical industry could deal a severe blow, potentially costing firms billions of pounds

Politics

5 d. ago Government scrambles to stop Donald Trump levying tariffs on British medical industry

Tariffs on Britain’s pharmaceutical industry could deal a severe blow, potentially costing firms billions of pounds

Politics

8 d. ago Britain is now among the WORST hit by Trump's tariffs after president shelved punitive levies and handed China exemptions to dodge iPhone price hikes

Downing Street signalled relief when the US president's 'Liberation Day' assault was originally mounted.

Politics

2 w. ago Ireland faces Trump tariffs hammer blow as Conor McGregor leads calls for his country to LEAVE the EU

Simon Harris said it is the Irish Government's 'working assumption' that the White House will launch a further attack aimed specifically at the pharmaceuticals industry.

Politics

2 w. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

2 w. ago Trump tariffs latest: US duties to hit UK economy even if Britain strikes trade deal, grim new forecast warns

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ on Wednesday

Events

2 w. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

2 w. ago Gold at record high as markets brace for Trump tariffs ‘to affect every country’ – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

2 w. ago Downing Street admits Britain will be hit by Trump’s tariffs this week as worldwide trade war looms

Trump’s tariffs could hit 60 per cent of firms directly, two major business groups have warned

Events

3 w. ago Keir Starmer warns Donald Trump that Britain could yet hit back against US tariffs as PM says 'all options are on the table' with Labour continuing frantic talks to escape trade levies

The Prime Minister said the UK reserves the right to respond to American trade levies, after the US President slapped a 25 per cent import tax on cars.

Events

4 w. ago After America: can Europe learn to go it alone without the US?

In Germany, tariff-hit car factories are being repurposed for defence. In Britain, American academics are queueing up for jobs. The west will be different as a result of Trump – but will it be worse?The German ­electronics firm Hensoldt has a backlog of orders for its technology, ­including radars that protect Ukraine from Russian airstrikes. Meanwhile, Germany’s car industry is struggling with low European demand and competition from China.As Europe worries about how it can weather the economic and ­political turmoil unleashed by Donald Trump, executives from Munich and Düsseldorf say they have at least a partial answer. Continue reading...

Politics