23 h. ago When Trump tariffs hit French barrels and corks, California’s winemakers feel the squeeze

Small California producers say Trump’s EU levies are driving up costs and threatening family businessesKory Burke, a small producer of high-quality wines in central California, never believed that tariffs on imports from France or Italy could help boost his business. But he knew for sure they would be a big hindrance as soon as Donald Trump announced late last month that he was slapping a 15% levy on all goods from the European Union.“The first email I received was from my cork provider,” Burke recalled. “He said he’d take on 2% of the additional cost of importing corks from Europe, but I would have to absorb the other 13%. Then my barrel supplier got in touch, pushing me to put in my orders as fast as possible because every new French barrel coming across the Atlantic after the tariffs was going to come with a $100 or $150 fee.” Continue reading...

Politics

30 h. ago Chinese economy slows as Trump tariffs bite; FTSE 100 on track to hit new record

Rolling coverage of the latest economic and financial newsThe owner of Kingsmill has agreed to buy its rival bakery business Hovis, in a deal that could make the biggest bread brand in the country if it gets the green light from regulators.Associated British Foods, a FTSE 100 company which also owns the retailer Primark, has agreed to buy Hovis from the private equity firm Endless.This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers.Firms may be running on existing capacity rather than building new plants The July industrial value-add breakdown tells a more nuanced story than the weak fixed asset investment headline. Continue reading...

Politics

8 d. ago US gold futures hit record high after Trump tariff blindsides global market

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

Politics

8 d. ago Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

8 d. ago Trump tariffs live updates: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

9 d. ago Trump tariffs: Full list of countries hit by US president’s new trade war levies

Donald Trump slapped tariffs as high as 50 percent for scores of countries around the globe

Politics

1 week ago Swiss president to present ‘more attractive’ tariff offer to White House

Karin Keller-Sutter and economy minister Guy Parmelin’s Washington trip follows Trump decision to hit country with steep tariffs

Politics

1 week ago Swiss president to fly to Washington to present ‘more attractive’ tariff offer

Move follows Donald Trump’s decision to hit the country with steep tariffs

Politics

1 week ago Swiss president under fire after Trump call leads to US tariffs shock

Karin Keller-Sutter accused of mishandling talks as shares dive after Switzerland hit with 39% tariffEurope live – latest updatesUS live – latest updatesThe Swiss stock market has plunged, the cabinet has been holding emergency talks and President Karin Keller-Sutter has been accused of mishandling a vital phone call with the White House after Donald Trump hit the country with a shock 39% export tariff.Switzerland, home to some of the world’s best-known luxury brands, was left stunned after the US president on Friday imposed one of the highest tariff rates in his global trade reset. Industry associations warned tens of thousands of jobs were at risk. Continue reading...

Politics

3 w. ago Stellantis swings to loss as Trump tariffs hit maker of Fiat and Jeep

Manufacturer expects net loss of €2.3bn after suspending financial guidance earlier this year

Politics