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US president talks of low tariff to give pharmaceutical firms a year or so to build, and then making it ‘very high’Donald Trump has threatened to impose tariffs on pharmaceutical products and semiconductors as soon as 1 August, the latest deadline for …
Rate is significantly below the 32% the US president had threatened but timeline for implementation of deal remains unclearUS President Donald Trump says he has struck a trade pact with Indonesia resulting in significant purchase commitments from the s…
Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%Inflation shot up in June as the impacts of Donald Trump’s tariffs slowly started to show in US prices.Business leaders have said for months that the …
GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick inBusiness live – latest updatesChina’s economy grew more strongly than expected in the second quarter as it proved resilient in the face of …
Port of Antwerp-Bruges figures show 15.9% drop in export of cars, vans, trucks and tractors to USThe Port of Antwerp-Bruges has been turned into a giant car park with thousands of cars, vans, trucks and tractors bound for the US sitting idle as manufac…
EU trade commissioner says ‘we want to use ‘every minute until 1 August to find a negotiated solution’Business live – latest updatesDonald Trump’s threatened 30% tariffs on European goods would eliminate transatlantic trade, the EU’s chief negotiator w…
Kevin Hassett says talks are ‘ongoing’ after US president announced 30% tariffs on goods from EU and MexicoDonald Trump has seen some trade deal offers and thinks they need to be better, Kevin Hassett, the White House economic adviser, said on Sunday, …
French president says bloc should be ready for trade war after 30% tariff threat but other EU leaders call for calmThe French president, Emmanuel Macron, has called on the EU to “defend European interests resolutely” after Donald Trump threatened to im…
British ambassador to US believes universal levy unlikely to change but there is ‘scope’ for negotiations in some sectorsThe 10% tariffs on most UK goods imported into the US are likely “here to stay”, according to Lord Mandelson.The British ambassador…
Bloc had already backtracked from tough talk to seeking a bare bones deal – but US president has turned tables againSecond-guessing Donald Trump is a fool’s errand.But Saturday’s shock threat to impose tariffs of 30% on the EU is a blow to the bloc’s c…