CEO Jay Foreman of Basic Fun! discusses the impact of new tariffs on his toy import business, expressing frustration over lack of clear direction and higher consumer prices.
The US has reduced the EU's tariff from 15% to 10%, matching the UK's rate, but certain EU sectors now enjoy lower tariffs than their UK counterparts, putting British businesses at a disadvantage. However, the UK secures zero tariffs on Scottish whisky.
President Trump's new tariffs, replacing a temporary 10% levy with rates up to 12.5% across dozens of countries, deepen economic uncertainty for American households, businesses, and the global economy, despite aims for legal durability.
US President Donald Trump launches a 301 trade investigation into the EU following a $1 billion fine on Google for competition law violations, threatening new tariffs.
US President Trump threatens EU with new tariffs after EU fines Google $1 billion for violating digital market regulations, citing unfair trade practices.
President Trump plans to impose a 100% tariff on imported generic drugs from August 2028, rising to 200% after a year, aiming to reshore U.S. pharmaceutical production, with experts warning of potential price increases and shortages.
The Trump administration has replaced temporary Section 122 duties with new Section 301 tariffs, setting India’s rate at 10%. Officials and trade experts say the move may affect large shares of Indian exports but could still leave India relatively competitive versus some peers.
Donald Trump threatens EU with tariffs and initiates a trade investigation after the European Commission fines Google €890m, also citing fines against Apple, Meta, and Amazon, claiming unfair treatment of US tech companies.
US President Donald Trump threatens EU with tariffs in retaliation for $1 billion fine on Google, citing need for trade investigation under Section 301 of the Trade Act.
Two US small businesses sue the Trump administration over new tariffs (up to 12.5%) on 60 economies, including South Korea, citing arbitrary imposition without clear rationale to address forced labor concerns.
Two US small businesses sued the Trump administration over new tariffs on 60 trading partners, claiming the policy lacks required 'forced labour' findings and exceeds presidential authority.
The U.S. imposes new tariffs on 60 economies, citing failure to enforce bans on goods produced with forced labor, affecting nearly 99.4% of U.S. imports.
The U.S. administration renewed tariffs on imports from over 60 countries, citing lax enforcement of forced labor bans. Key allies including Australia, New Zealand, the EU, China, Japan, and Latin American nations criticized the move as unjustified and protectionist.
President Donald Trump announced his administration will launch a Section 301 trade probe into the European Union, threatening 'substantial' tariffs. This action is in response to the EU's hefty fines against U.S. tech giants like Google, Apple, Meta, and Amazon, which Trump claims are 'ROBBING' American companies and taxpayers.
After the Supreme Court rejected his preferred tariff route, President Trump's administration implemented new tariffs on major trading partners, citing forced labor concerns, and levied fees on Canadian imports, demonstrating a defiant commitment to protectionist trade policies despite public frustration.
The House approved a non-binding resolution to remove U.S. forces from the war in Iran as the conflict escalates and oil prices jump. The newsletter also covers new tariffs, a fatal police shooting in Madison, and avocado oil adulteration.
President Trump imposes new 10-12.5% tariffs on 60 trading partners, citing inadequate enforcement of forced labor bans. These Section 301 tariffs replace expiring temporary levies, drawing criticism from critics and affected countries like Brazil and Chile.
The Trump administration announced new tariffs on 60 economies, including the EU, effective July 24, citing forced labor in imported goods. Critics view the move as a legal workaround for broad tariff programs previously struck down by the Supreme Court, utilizing Section 301 of the Trade Act of 1974.
US President Donald Trump has imposed new double-digit tariffs, ranging from 10% to 12.5%, on 60 economic partners, including China, India, and the EU, over claims of forced labor. These duties, effective Friday, replace earlier expiring tariffs and are based on Section 301 of the Trade Act of 1974, drawing criticism from nations like Brazil but cautious optimism from the EU.
The Scottish government welcomed the US lifting tariffs on Scotch whisky exports, a move reciprocated for US bourbon and casks entering the UK. This follows an agreement after a state visit, benefiting an industry that lost £150m due to previous levies.
The US has imposed new tariffs on goods from 60 economies, citing alleged failures to combat forced labor, which took effect on Friday. Major trading partners, including the EU, Australia, and China, have protested the measures, calling them unjustified and a pretext for new trade restrictions.
President Trump is now justifying tariffs against allies by accusing them of using forced labour goods. This shift creates a new trade dynamic, with the EU securing a better deal than the UK due to its forced labour ban, prompting questions about the UK's future legislative approach.
The U.S. renewed tariffs of 10-12.5% on over 60 allies, including Australia, New Zealand, the EU, and China, citing lax enforcement of forced labor bans. Affected nations criticized the move as unjustified, with some rejecting the forced labor claims.
The US has imposed new tariffs (10-12.5%) on over 80 countries under Section 301, citing insufficient forced labour restrictions. Targeted nations, including Australia, New Zealand, UK, Japan, EU, China, and India, have rejected the allegations and vowed to lobby against the measures, with some noting existing trade agreements may mitigate impacts.
