LVMH, the world’s largest luxury group, has reported a steep downturn in its core fashion and leather goods division, providing a fresh signal that even affluent consumers are scaling back
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General Motors has reported a significant decline in earnings, with its profits falling by a third due to a hefty £1.1 billion impact from tariffs. The carmaker’s core profit for
Diageo, the drinks giant behind iconic brands such as Guinness and Johnnie Walker, has revealed a $500 million cost-cutting initiative to mitigate the financial impact of newly imposed US tariffs.
The British luxury carmaker Bentley has reported a complete halt in its US sales as customers await clarity on lower tariffs promised under a recent UK-US trade deal. The deal
British manufacturers and exporters have expressed optimism following the announcement of a breakthrough trade deal between the United Kingdom and the United States. The agreement, confirmed on 8 May 2025,
The United States has recorded its largest-ever trade deficit, revealing a significant challenge for the country’s economic stability. The deficit surged by 14 per cent in March, reaching a historic
Rising shipping disruption triggered by the new tarrifs imposed are poised to drive higher retail prices and reduced product choice for UK shoppers, industry leaders have cautioned. Brandon Fried, executive
The chief executive of WH Smith has suggested that Donald Trump’s tariff disputes could potentially lead to price reductions rather than inflation for UK retailers, as East Asian suppliers actively
British exporters are grappling with unprecedented uncertainty as Donald Trump’s latest trade war measures create pricing chaos across global supply chains. The recent implementation of universal tariffs, particularly severe on
Major ports across the UK and mainland Europe are experiencing significant congestion as vessels laden with goods between the US and China find themselves trapped due to the ongoing trade
Recent reports suggest that Apple is taking decisive action to avoid the significant tariffs imposed on Chinese imports by relocating its iPhone manufacturing operations to India. The tech giant has
In a significant move impacting the film industry, China has announced plans to limit the number of American films permitted to screen within its borders. This decision follows the imposition
US equity markets resumed their sharp downturn, plunging after a brief midweek rally. Investors reacted negatively to President Trump’s inconsistent trade tariff policies, leading to a significant drop in major
In a significant development amid ongoing trade tensions, the European Union has opted to remove plans for imposing retaliatory tariffs on American bourbon. This decision follows intense lobbying efforts from
The future of British Steel hangs in the balance as Prime Minister Keir Starmer and Chancellor Rachel Reeves explore the potential nationalisation of the Scunthorpe plant, a facility pivotal for
Donald Trump is set to escalate his trade war with the world, announcing a range of steep tariffs on the United States’ largest trading partners. This development comes despite widespread
