#us-tariffs

#us-tariffs

The EU steel industry, already reeling from Donald Trump's 50% tariffs on imports, is bracing itself for further damage after the US opened the possibility of a rolling list of derivative products that could be subject to tariffs including windows and doors with some metal. In August the US listed 407 product categories as derivative inclusions, ranging from wind turbines, mobile cranes and bulldozers to rail cars and furniture.

America's love affair with shrimp is a cultural touchstone, enough that The Daily Show could air multiple segments out of Red Lobster's $11 million loss after it offered a $20 endless shrimp buffet in 2023 that proved to be too popular. In fact, Americans consume more shrimp than any other seafood, about 5.5 pounds per person, per year, and about 40% of it comes from India. Indian shrimp exports to the U.S. totaled more than $2.5 billion in the 2023-24 fiscal year, according to the Indian Ministry of Commerce.

A government spokesperson said: "We are still the only country to benefit from a 25% tariff on steel exports to the US, reinforcing our position as a trusted source of high-quality steel." Other countries face tariffs of 50% and so senior government sources insist that the UK is in a competitive position relative to others, and added they believed there, although senior government sources insist there "remains a path to zero".

The European Central Bank left interest rates unchanged Thursday with inflation back under control and the economy weathering Trump's tariff onslaught better than expected. The bank's rate-setting council left its benchmark deposit rate unchanged at 2% at a meeting at its skyscraper headquarters in Frankfurt. The focus in Europe has shifted to the fiscal crisis in France and any possible role for the ECB in containing potential market turmoil that could erupt from the country's out-of-control deficit and political logjam.

The campaign stems from Donald Trump's tariff announcements in April, after which U.S. Customs and Border Protection posted a notice exempting computers and smartphones from import duties. On the company's UK product page, the Rivelia machine now appears in two versions: the De'Longhi Machine at £749.99, and the De'Longhi Computer at £637.49. That price difference reflects the 15% tariff on UK goods imported to the U.S.

Nestle has fired CEO Laurent Freixe after just one year in the job following an investigation into an undisclosed romantic relationship, ousting its second chief executive in a year and throwing the Swiss food giant into its deepest leadership chaos in decades. Freixe's sudden dismissal followed an investigation into an undisclosed romantic relationship with a direct subordinate that breached Nestle's code of business conduct, Nestle said late on Monday.

Currently, Brazil faces 50 percent taxes on all its exports to the US, the highest current tariff rate of any country except India. While Brazil has yet to respond in kind, on Thursday, its Chamber of Foreign Commerce (CAMEX) began exploring whether countermeasures would apply under a local law. This is a process that takes a bit of time, Lula said in Friday's interview with Radio Itatiaia.

Negotiations with several of them (with India itself, as well as China, Canada, and Mexico, the trio of nations that accounts for almost half of U.S. imports) remain ongoing, but all of them already have a base figure, a tariff floor on which to build or, in most cases, deconstruct their once-solid trade ties. Domestic and foreign policy aside, the new tariff framework paints a new picture for trade.

chaos at the US ports right now. They need to get a deal done quickly because this is very damaging to British industry. This has blindsided everybody - us, the UK Government, and certainly US customs. There's a huge backlog of imported goods in every port now in the US.

Japan Post Co. will suspend shipping of some small packages to the United States due to fresh tariffs imposed by the US government, in a sign of how President Donald Trump's levies may impact smaller businesses and individuals. The mail service will stop accepting parcels that include consumer goods for sale or gifts worth over $100 from Wednesday, after the U.S. revoked its tariff exemption on lower-value packages from across the world, according to a statement published on its website.

Investors in Irish whiskey distilleries are panicking as the global slowdown in alcohol continues to hammer the industry, with some of the most promising producers recently shutting up shop.

JCB has warned it could lose "hundreds of millions of pounds" after the US government unexpectedly extended tariffs on steel and aluminium to cover finished goods, dealing a blow to one of Britain's best-known engineering firms. The Trump administration confirmed on Monday that the 25 per cent tariffs already applied to components would now include all machines exported to the US containing steel or aluminium. The move is expected to hit every one of the 30,000 diggers and construction vehicles JCB ships across the Atlantic each year.

He blames the 50% tariff on steel and aluminum imposed by US President Donald Trump, which went into effect in June. Trump cited national security concerns under Section 232 of the US Trade Expansion Act of 1962 for the move. In addition to the steel tariffs, Trump has also imposed 25% "reciprocal tariffs" on most Indian goods. The US president has proposed an additional 25% tariff, set to go into effect later this month, in response to India's purchases of Russian oil.

Local news outlets reported its range as 700 to 900 kilometers (430 to 560 miles). The show of force comes just ahead of a major increase in US tariffs on India. The US has threatened to raise tariffs from 25% to 50% by Aug. 27 if India does not stop purchasing Russian oil. Last month, Prime Minister Narendra Modi said the new duties meant the country would need to become more self-reliant in defense.

The meeting between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum in September aims to address U.S. tariffs and the upcoming review of the free trade deal.

President Karin Keller-Sutter is leading a delegation to Washington to negotiate U.S. tariffs that are set to greatly affect Swiss industries like chocolates, machinery, and watchmaking.

Google remains a dominant force in the advertising market, with a Q2 revenue of $96.4 billion. Core platforms like Search and YouTube saw growth of 12% and 13% respectively.

Tariffs add complexity for any business looking to trade internationally - and for small businesses, even a slight increase in costs or red tape can tip the balance. SME owners tend to be open-minded and opportunity-driven, but they also work with tight margins and limited time.

Lingering uncertainty over U.S. tariff decisions could continue to dampen sentiment around forward demand, urging traders to monitor developments, especially with the EU.

Jaguar Land Rover is cutting up to 500 management roles in the UK due to falling sales and the financial effects of US import tariffs. The company employs over 30,000 people in the UK.

Analogue has announced the shipping delay of its Analogue 3D console until late August due to sudden tariffs that have affected its supply chain.

"Due to import tariffs the company is currently unable to sell the Volvo ES90 profitably in the United States, while ES90 margins are also under pressure in Europe for the same reason."

Maros Sefcovic expressed that despite President Trump's threats, he felt Washington was ready to continue negotiations, emphasizing the priority of reaching a deal.