4 d. ago Trump renews threat of imposing steep tariffs on films made outside the US

Trump claims he’ll impose 100% tariff on ‘any and all movies’ made abroad but doesn’t give details or timelineUS politics – latest updatesDonald Trump on Monday renewed his threat of imposing steep tariffs on films made outside the United States, claiming his country’s industry has been “stolen” by others.Trump’s remarks come shortly after he threatened a slew of new tariffs to be imposed this week on branded pharmaceutical products, furniture, as well as heavy trucks respectively. Continue reading...

Politics

7 d. ago Kitchen sink drama: Trump’s latest tariffs leave experts scratching heads

President places new duties on cabinets, vanities and sofas but national-security justification prompts puzzlementDonald Trump has often cited national security when announcing new tariffs. America and its military can not run without steel and computer chips. The nation’s food and drug supply must be protected. But have you considered the security implications of your kitchen sink?Announcing his latest wave of tariffs on goods from overseas – a 50% levy on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture, to be enforced next month – Trump once again cited the top priority of any president. Continue reading...

Politics

7 d. ago UK fuel retailers accused of ‘ripping off’ motorists at the pumps; markets shrug off latest Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinetsAndy Burnham alarms investors with call to end UK dependence on foreign lendersDonald Trump’s overnight threat to impose 100% tariffs on pharmaceuticals from companies not based in the US has been met with fresh uncertainty across Europe.The Germans and the EU-wide trade body have expressed concern while Ireland and Brussels says it remains confident that the 15% tariff rate agreed in July will apply to European drugs exported to the US.“The EU and US already have a trade agreement in place; urgent discussions are needed on how to avoid any tariffs on medicines that harm patients in the EU and the US.”“I want to stress that the EU and US joint statement issued on August 21 made absolutely clear that any new tariffs announced by the US on pharmaceuticals would be capped at 15% for pharma products being exported by the EU.”“This remains the case an...

Economics

7 d. ago European markets largely shrug off Trump tariffs on pharmaceuticals, trucks and kitchen cabinets – business live

Rolling coverage of the latest economic and financial newsTrump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinetsAndy Burnham alarms investors with call to end UK dependence on foreign lendersDonald Trump’s overnight threat to impose 100% tariffs on pharmaceuticals from companies not based in the US has been met with fresh uncertainty across Europe.The Germans and the EU-wide trade body have expressed concern while Ireland and Brussels says it remains confident that the 15% tariff rate agreed in July will apply to European drugs exported to the US.“The EU and US already have a trade agreement in place; urgent discussions are needed on how to avoid any tariffs on medicines that harm patients in the EU and the US.”“I want to stress that the EU and US joint statement issued on August 21 made absolutely clear that any new tariffs announced by the US on pharmaceuticals would be capped at 15% for pharma products being exported by the EU.”“This remains the case an...

Economics

7 d. ago Trump slaps 100% tariff on pharmaceuticals with kitchen cabinets, furniture and heavy trucks also hit with levies

President’s latest levies risk backfiring and intensifying inflation despite his assurances the country is having ‘unbelievable success’

Politics

7 d. ago Trump rattles investors with new tariffs on pharmaceuticals, trucks and kitchen cabinets – business live

Rolling coverage of the latest economic and financial newsTrump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinetsAndy Burnham alarms investors with call to end UK dependence on foreign lendersShares in UK pharmaceuticals giant AstraZeneca have dropped by 1.4% at the start of trading in London.AstraZeneca are the biggest faller on the FTSE 100 share index.UK Pharma giant AstraZeneca could be better placed than some of its European rivals, due to promised extra investment in the US that has already been announced, and the President’s promise to treat the UK differently when it comes to pharma tariffs.Thus, the FTSE 100 could be a relative ‘safe haven’ in the middle of this latest tariff storm. Continue reading...

Economics

8 d. ago Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks

President Donald Trump is putting import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1

Politics

8 d. ago Trump announces 100% tariff on branded pharmaceutical products

The US president also unveiled levies on heavy trucks, kitchen cabinets and bathroom vanities

Politics

8 d. ago Donald Trump announces 100% tariff on branded pharmaceutical products

The US president also unveiled levies on heavy trucks, kitchen cabinets and bathroom vanities

Politics

2 w. ago Heavy weights on show! Athletes in Libya flex their muscles as they compete in a truck

Libyan sport-lovers gathered in the city of Misrata on Friday (September 12) to watch a truck pulling competition held for the second year in the city.

Politics