Prime Minister declares Brexit unity on “business-friendly customs model” after Cabinet away-day at Chequers July 6, 2018 The government has agreed an official position on what it will seek from the next stage of Brexit talks with the EU, after the Prime Minister managed to win over her warring Cabinet today. A gruelling 12-hour day of talks – and food – at the grace-and-favour mansion Chequers, white smoke has emerged on the [...]
Japan has just discovered alcopops – now the chu-hi trend is taking the country by storm May 2, 2018 Sold in cans from convenience stores up and down the country, chu-hi is a flavoured alcoholic drink taking Japan by storm. It’s made from a mix of shochu – which is an inexpensive, vodka-like spirit distilled from pretty much anything you’ve got in your cupboard – and one or more of hundreds of different fruit [...]
Ramping up tariffs to spite Donald Trump is economic self-harm March 13, 2018 It is not so much what Donald Trump did, but why he justified doing it, that has got trade experts and US allies worried over the past week. In the grand scheme of things, the President’s decision to impose tariffs of 25 per cent and 10 per cent on steel and aluminium is not an [...]
Dr Liam Fox criticises President Donald Trump’s imposition of steel tariffs March 12, 2018 International trade secretary Dr Liam Fox hit out at the Trump administration over steel tariffs in a statement to the House of Commons this evening. Fox said that the UK has a “long and special relationship with the US, however this does not mean that if we disagree with something we will not say so [...]
Economists predict $500bn hit to global growth if trade war escalates March 12, 2018 Economists predict a trade war following the imposition of tariffs by US President Donald Trump could wipe billions of dollars off world output growth, with EU leaders today insisting they “will not be bullied”. US President Donald Trump last week decided to slap tariffs on foreign steel and aluminium, sparking fears that retaliation from other [...]
US President Donald Trump slaps tariffs on steel and aluminium but leaves get-out clause March 8, 2018 Donald Trump tonight finally unveiled the steel and aluminium tariffs which have riven his Republican party and dismayed the US’s biggest trading partners, although left a get-out clause for countries to see them removed. The US President said he will charge a 25 per cent tariff on foreign steel and a 10 per cent tariff [...]
EU threatens the US with tariff reprisals on Levis, bourbon, peanut butter, cranberries and orange juice as WTO members China and Russia issue warning March 7, 2018 The EU has warned Donald Trump that it will launch tough new levies on US exports of bourbon, peanut butter and motorbikes if he pushes forward with plans to impose steel and aluminium tariffs. Meanwhile 18 WTO members, including China and Russia, have expressed grave concerns about the impact of a potential trade war. The [...]
EU threatens the US tariff reprisals as 18 WTO members including China and Russia express strong concerns over Trump’s move March 7, 2018 The EU has warned Donald Trump that it will launch tough new levies on US exports of bourbon, peanut butter and motorbikes if he pushes forward with plans to impose steel and aluminium tariffs. Meanwhile 18 WTO members, including China and Russia, have expressed grave concerns about the impact of a potential trade war. The EU's [...]
Trump trade row: Goldman Sachs hits out at “draconian” metals tariffs March 6, 2018 Goldman Sachs has blasted Donald Trump’s plans to impose tariffs on steel and aluminium, saying the “draconian” move had created friction with key US allies. Last week, Trump announced plans to tack a 25 per cent unilateral tariff on steel imports as well as a 10 per cent tariff on aluminium . “By choosing across [...]
Autumn Budget 2017: Chancellor bows to pressure to freeze alcohol duties November 22, 2017 Philip Hammond has bowed to industry pressure to freeze alcohol duties, except on some cheap high-strength drinks. The chancellor announced the move today in his Budget statement, saying that the freeze was in recognition of the role that pubs play in British society as well as the squeeze on household budgets. It comes after repeated [...]