Chinese TikTokers spark debate on source of luxury goods as they fight tariffs April 14, 2025 A debate over the source of luxury goods has taken TikTok by storm after Chinese manufacturers jumped on the app to ‘lift the veil’ on luxury production. According to multiple hugely popular videos on the social networking site – notably a user called @senbags2 – luxury goods are made in China, then shipped to Italy [...]
Retail bosses warn of dumping from Chinese firms into Europe April 14, 2025 UK retail bosses have warned that Trump’s tariffs will cause low-quality goods to be dumped into Europe from China via distributor sites like Amazon. Unable to sell competitively in the US due to US President Donald Trump’s 104 per cent tariffs on goods from China, as well as his decision to end the de minimis [...]
How the US constitution allowed Trump to wreak havoc on the economy April 14, 2025 A trip through America's constitution - and an explanation of how it got us to Trump - teaches us to beware the pull of executive power, writes Harrison Griffiths.
Finance bosses predict sharpest hiring drop since 2020 after tariff uncertainty April 14, 2025 Finance bosses expect the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate. A fresh report from Deloitte has showed signs of a waning job market with wage growth expect to slow from 3.6 per cent to three per cent. A net 14 per cent of chief financial officers [...]
WH Smith shareholders eye growth plans after sale of high street stores April 13, 2025 Investors in WH Smith will be keen for more details on its strategy after agreeing to sell its UK high street stores and the potential impact of US tariffs when the retail firm updates the market next week. It has been a busy start to 2025 for the historic retailer as it has pivoted to [...]
Reeves unveils £500m support for tariff-affected small businesses April 13, 2025 Chancellor Rachel Reeves has launched a £500m plan to smaller businesses affected by US president Donald Trump’s tariffs. Run by the British Business Bank, the Growth Guarantee Scheme will now provide additional lending capacity for firms that will need support with cashflow issues due to changes in tariffs. Lending up to £2m per business group, [...]
Polestar takes advantage of Tesla sales slump April 10, 2025 Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]
S&P 500 slumps on open as Treasury yields remain elevated April 10, 2025 US markets have opened down after digesting the implications of Donald Trump’s 90-day pause on his sweeping tariffs. The Nasdaq opened down 2.7 per cent, while the Dow Jones fell 1.9 per cent and the S&P 500 opened 2.3 per cent down. Meanwhile, US Treasury yields have remained elevated, with the 30-year US Treasury sitting [...]
Market crash is yet to come despite tariff pause, says City veteran April 10, 2025 A City veteran has warned that despite an apparent respite from a 90-day pause on US tariffs, markets should prepare for a significant correction in the coming days. “I don’t think its impossible that we walk in tomorrow and the market is off in the US 15 or 20 per cent, honestly I think that’s [...]
UK-India trade deal reportedly 90 per cent agreed, businesses told April 10, 2025 The UK’s trade deal with India is reportedly 90 per cent agreed, businesses have been told, according to a report in the Guardian. Firms were informed on a call with trade negotiators this week that some remaining issues included cars, pharmaceutical drugs and the whisky trade, the newspaper reported, with India currently the largest overseas [...]