All the updated news related to trade and tariffs

All the news related to trade and tariffs updated in real time

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Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

The Governor of the Bank of England has warned over “fragmenting” the world economy amid promises from Donald Trump that he will impose steep trade tariffs on other countries. Speaking to MPs on Tuesday, Andrew Bailey said the UK should keep an ...

19 Nov 2024 at 12:21

Trump says he will place tariffs on Canada, Mexico and China on Saturday

World

Trump tariffs on Canada, Mexico and China in place on Saturday, says White House

US President Donald Trump has said he will place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday. The move raises the spectre of swift price increases for US consumers as Mr Trump ...

31 Jan 2025 at 22:28

Northern Ireland

Working group to assess impact of trade tariffs on Northern Ireland businesses

A working group has been established by Stormont Economy Minister Caoimhe Archibald to assess the implications of US tariffs and any countermeasures on Northern Ireland businesses. Ms Archibald said the group will help shape the ...

11 Apr 2025 at 15:55

Ireland

Ireland’s deputy premier Harris to meet commerce secretary Lutnick in US

Ireland’s deputy premier Simon Harris has travelled to Washington DC for a meeting with US commerce secretary Howard Lutnick, a key critic of the Irish Government’s fiscal policies. Mr Harris flew to the US on Tuesday night for ...

09 Apr 2025 at 00:01

UK private sector activity falls to more than two-year low amid Trump tariffs

Activity across the UK’s private sector has plunged to a more than two-year low as Donald Trump’s trade tariffs hammered exporters and forced more “aggressive” job cutting, according to new data. The S&P Global flash UK ...

23 Apr 2025 at 10:13

Scotland

Economic growth forecast to slow amid fears over US tariffs on whisky

Economic growth is forecast to slow amid concerns over US tariffs on whisky after Scotland outperformed the UK last year. Ernst & Young LLP warned growth prospects for 2025 “are weaker than previously anticipated”, ...

06 Mar 2025 at 00:01

British steel industry warns of damage as Trump tariffs come into force

Donald Trump’s tariffs on UK steel “couldn’t come at a worse time”, the industry has warned as the levy on US imports is introduced. The British steel and aluminium industries are braced for the impact of the US ...

12 Mar 2025 at 06:24

City

Drugs giant GSK ‘well positioned’ to absorb potential US tariffs

Drugmaker GSK (GlaxoSmithKline) has said it is “well positioned” to cope with any financial impact from changes to US tariff rules. It came as the FTSE 100 giant revealed a rise in sales as weakness in its ...

30 Apr 2025 at 09:16

Bank cuts interest rates to 4.25% as tariff tensions dampen growth

The Bank of England has cut interest rates to its lowest level for two years as it warned an escalating global trade war will drag on growth over the next three years. The central bank cut the UK’s base ...

08 May 2025 at 12:33

Davey urges Lib Dem councils to ‘speak with one voice’ on social care

Sir Ed Davey has asked Liberal Democrat council leaders to press the Prime Minister on the urgent need to reform social care. In a call with councillors following last week’s local elections, the Lib ...

09 May 2025 at 16:30

Bank of England cuts rates as governor welcomes UK-US trade deal

The Bank of England has cut interest rates to 4.25% after a slowdown in inflation, as the central Bank’s chief welcomed a UK-US trade deal. Interest rates were cut from 4.5% to their lowest level ...

08 May 2025 at 19:47

World

Tariff talks begin between US and Chinese officials in Geneva

The US treasury secretary and America’s top trade negotiator have begun talks with high-ranking Chinese officials in Switzerland in a bid to de-escalate a dispute that threatens to cut off trade ...

10 May 2025 at 10:33

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