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tariff war

  • Six of the top business books of 2025

    December 15, 2025

    Yes, dear reader, it’s that time of year again. What to buy for that special high-flying City exec in your life?  I’ve read nearly 50 books this year – most of them new, and most about business. Some were good, others have since found their way to Oxfam.  Here are a few of my favourites. [...]

  • Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’

    October 22, 2025

    The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]

  • Recession fears spike after Trump threatens new China tariffs

    October 11, 2025

    President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]

  • Trump slaps 100 per cent tariff on imported drugs

    September 26, 2025

    US President Donald Trump announced a new round of tariffs on Thursday evening, with the pharmaceutical industry expected to be the hardest hit. Trump revealed that the US will impose a 100 per cent tariff on imported branded drugs, a 25 per cent tariff on all heavy-duty truck imports, a 50 per cent tariff on [...]

  • Aga Rangemaster cuts jobs and raises prices as UK demand falls

    September 2, 2025

    Aga Rangemaster has continued to cut jobs as it battles falling demand in the UK and prepares for the rising costs from US President Donald Trump’s tariffs. The business, which is headquartered near Nottingham, has said it is raising prices in order to attempt to offset the increased costs from US tariffs but that their [...]

  • Is the UK’s digital services tax at risk from a US tariff threat?

    August 26, 2025

    The Digital Services Tax (DST), a two per cent levy on the revenues of major tech firms, has become a key point of friction in the UK’s transatlantic relationship with the US. The tax, which came into force in 2020, was designed to address an imbalance where global tech giants generate significant revenue from British [...]

  • Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget

    August 13, 2025

    Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]

  • Jaguar Land Rover: Trump’s tariffs cost car maker millions

    August 8, 2025

    Jaguar Land Rover has revealed how much US President Donald Trump’s tariffs have impacted its finances during the first three months of its financial year. The car maker has confirmed that its revenue in the three months to 30 June, 2025, fell by 9.2 per cent to £6.6bn. Its pre-tax profit was also slashed by [...]

  • Anglo American: Revenue takes hit amid Trump tariff turmoil

    July 31, 2025

    Anglo American’s revenue has taken a hit as tariff turmoil dented trading levels for the mining company.  The FTSE 100 giant is taking a greater focus on copper but it has not escaped the threat of President Donald Trump’s threats on all commodities including the red metal.  Late on Wednesday, the US president said he [...]

  • FTSE 100 hits all-time high as trade deal hopes lift global markets

    July 23, 2025

    The FTSE 100 closed at another all-time high on Wednesday on hopes the United States’ trade deal with Japan would spark a flurry of similar pacts between the Trump administration and America’s largest trading partners. London’s blue-chip index closed up 0.5 per cent to hit a record high of 9080 points, in the latest and [...]

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