10 h. ago WPP says US tariffs yet to hit client spending despite sales fall

The FTSE 100 company told shareholders it is making progress despite a ‘challenging’ wider economic backdrop.

Economics

8 d. ago Temu and Shein warn of US price hikes from next week due to Trump tariffs

Shein says ‘operating expenses have gone up’ as both Chinese retailers also drop ad spending in USTwo of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price hikes from next week, as Donald Trump’s hefty tariffs on Chinese imports come into force.Both companies will be hit by new import levies, which will mean taxes of up to 145% being applied to Chinese goods. They will also suffer from Trump’s cancellation of so-called “de minimus” exemption, under which shipments worth less than $800 (£600) could be imported duty-free. Continue reading...

Events

8 d. ago Temu and Shein drop US ad spending as they face tariffs on even small sales

E-tailers also hiking prices after Donald Trump ends ‘de minimis’ exemption for cheap shipments from China and Hong KongTemu and Shein are cutting back their spending on US social media advertising as they lose an exemption on tariffs for many of their shipments from China and Hong Kong.The online e-tailers, both of which ship low-priced China-made goods direct to US shoppers, had been on an ad spree until recently. But under an executive order from Donald Trump, as of 2 May their sales valued at under $800 will no longer be exempt from US tariffs. Continue reading...

Economics

1 week ago Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Vehicle sales are predicted to plummet from auto tariffs and tightened spending by Americans due to import taxes on other goods

Economics

3 w. ago Topps Tiles reveals accelerating sales ahead of £4m costs increase

The Leicestershire firm said homeowner sales ‘remain subdued’ amid caution over spending heavily on major DIY projects.

Economics

3 w. ago Susan Crawford says ‘courts are not for sale’ after Elon Musk spends millions in Wisconsin Supreme Court race

Judge says voters ‘fended off an unprecedented attack on our democracy’

Economics

3 w. ago Asda at risk of being overtaken by Aldi as UK's third largest grocer

Promotional sales ramped up to 28.2% of total grocery spending last month

Events