Tariffs
As the India-US trade talks reach a crucial juncture in Washington DC, policymakers in New Delhi are pinning their hopes on three implicit assumptions coming to fruition. The most critical of these is maintaining a steady differential of 10-20 per cent between US tariffs on China and India. Officials believe
Tariffs
As the impact of US President Donald Trump's protectionist trade policies continues to reverberate, a profit warning from packaging equipment manufacturer Mpac has sent shockwaves through the market. The company's shares dropped sharply by 28.4% on the London Stock Exchange's junior Aim market,
Tariffs
The US dollar has kicked off the year on a sour note, plummeting more than 10% in the first half of 2025, marking its worst start since the 1973 Bretton Woods system collapse. Donald Trump's trade and economic policies have taken a toll on the currency, prompting investors
Tariffs
In a series of intensive negotiations, President Trump's trade team and their European Union counterparts are racing to strike a deal before July 9. However, the emerging agreement is expected to be more of a framework than a comprehensive deal, falling short of both sides' initial goals.
Tariffs
Federal Reserve chair Jerome Powell told a gathering of central bankers that the tariffs imposed by President Donald Trump are the main reason the Fed has not made interest rate cuts as requested by the president. Powell emphasized that the Fed has been waiting to assess the impact of the
Tariffs
The automotive industry continues to navigate complex trade challenges, regulatory changes, and technological advancements. Recent updates and developments have significant implications for manufacturers, suppliers, and consumers. The Trump administration's focus on trade deficits and tariffs affects global supply chains, leading to concerns over profit margins and financial risks.
Tariffs
The UK and US trade deal announced in May has seen the elimination of 25 per cent tariffs on steel and aluminium, but disagreements remain over the imposition of tariffs on UK steel exports. The deal was finalised by the Prime Minister and US President at the G7 summit, but
Tariffs
The US Federal Reserve is holding back on further rate cuts due to the impact of tariffs imposed by President Donald Trump, according to Chair Jerome Powell. Speaking at a European Central Bank forum in Portugal, Powell acknowledged that the tariffs had caused a significant increase in inflation forecasts, forcing
Tariffs
Federal Reserve Chairman Jerome Powell acknowledged on Tuesday that the central bank would have likely cut interest rates had it not been for President Donald Trump's sweeping tariffs on nearly every U.S. trading partner. The tariffs, implemented last April, led to an increase in inflation forecasts, causing
Tariffs
The UK's steel industry is at a critical juncture as a US-UK tariff deal, announced in May, has left the sector exposed to heavy US import charges. The deal, which came into effect yesterday, spares car and aerospace firms in Britain from the swingeing duties imposed on their
Tariffs
Shipping and logistics companies warn that Europe's worst supply chain congestion since the coronavirus pandemic is caused by US President Donald Trump's erratic tariff policies and low river levels. Barges are waiting days to pick up goods, and container ships face long waits, with the problems
Tariffs
Prime Minister Mark Carney's government has announced the decision to repeal the digital services tax that sparked a trade war with the United States. This move comes after President Donald Trump terminated all trade talks with Canada in response to the tax, which targeted U.S. tech giants.
