Trump may face tariff refund ‘nightmare’ September 4, 2025 Donald Trump could face the “nightmare scenario” of being forced to refund the money collected by his tariffs, a leading City advisory firm has told City AM, after a federal court deemed most of them illegal. The court found last Friday that the US President overstepped his office’s powers when he unilaterally announced April’s so-called [...]
Business secretary to meet JCB boss after concerns raised about US tariffs August 25, 2025 Jonathan Reynolds will meet the boss of JCB after the company was among those which raised the alarm about the impact of new US tariffs on British businesses. JCB chief executive Graeme Macdonald called on the UK Government to get a “deal done quickly” with the US on steel, after hundreds of British goods became [...]
UK firms pin hopes on US trade growth despite tariffs August 21, 2025 UK exporters to the US believe their sales will grow more than firms selling goods and services to other markets, a new survey has found, boosting hopes that trade will rebound after the initial shock of tariffs. Research by YouGov has suggested that 45 per cent of companies selling products to the US are hopeful [...]
Port of London exports boom despite tariff threats August 19, 2025 The Port of London Authority (PLA), the UK’s largest port, recorded a boom in trade volumes over the second quarter of the year despite fears around President Trump’s higher global tariffs. In its first ever report on quarterly trade data, the PLA said 14m tonnes of shipments moved through the port during the period. A [...]
Trump hikes India tariffs to 50 per cent for fuelling Russian ‘war machine’ August 6, 2025 President Donald Trump has imposed an additional 25 per cent tariff on India after the country’s government imported Russian Federation Oil. In an executive order signed on Wednesday, the White House said it would slap Indian imports with the fresh levy taking their overall rate to 50 per cent. The President warned on Tuesday he [...]
Business confidence hits ‘record low’ as Reeves slammed over taxes August 1, 2025 Business directors’ confidence in the UK economy has plunged to an all-time low, with firms unconvinced by Chancellor Rachel Reeves’ growth-focussed policies as the impact of last year’s tax hikes continues to play out. Keir Starmer has repeatedly told MPs business confidence is at a nine-year high, pointing to a single business survey put together [...]
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 [...]
Standard Chartered wealth arm booms in volatile second quarter July 31, 2025 Standard Chartered’s wealth and markets arms boomed in a volatile second quarter of the year driving a surge in profit at the London-listed bank. The FTSE 100 firm recorded a 47 per cent uptick in global markets income on a constant currency basis, as takings topped $1.2bn (£900m) for the second quarter. Meanwhile, wealth solutions [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats July 28, 2025 President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]