For decades, car-making has been the jewel in Germany’s industrial crown, a powerful symbol of the country’s famous post-war economic miracle. Its “Big Three” brands, Volkswagen, Mercedes-Benz, and BMW, have…
Category: International Trade
USA: Aluminium tariff to hit UK suppliers
A large metal manufacturer in Shropshire has said new tariffs on steel and aluminium entering the US will make it more difficult to trade. Bridgnorth Aluminium (BA), which employs 330…
Canada: Firms boycott US products
Made in Canada. Three words that are now a common presence on Canadian shelves, after Donald Trump’s tariffs sparked a trade war with the US’s northern neighbour. In Canada the…
USA: Trade turmoil forecast to slash growth in Canada and Mexico
US President Donald Trump’s escalating trade tariffs will hit world growth and raise inflation, the OECD has predicted in its latest forecast. Canada and Mexico are forecast to see the…
US: Gold price hits $3,000 as trade tensions mount
The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a…
UK: No initial signs of pollution from ship collision
A university professor said there were no initial signs of pollution following the collision between two ships in the North Sea on Monday. Prof Rodney Forster, director of the Hull…
UK: Economy shrank unexpectedly in January
The UK economy shrank unexpectedly in January, in a blow to the government ahead of its Spring Statement later this month. The economy contracted by 0.1%, which was weaker than…
Canada: Carney ready to talk trade with Trump if ‘there’s respect for sovereignty’
Canada’s Prime Minister-designate Mark Carney has said he is ready to negotiate a renewed trade deal with US President Donald Trump, as long as there is “respect for Canadian sovereignty”.…
Germany: US tariffs could extend Germany’s recession, says bank
Tariffs on goods being imported into the US could tip Europe’s largest economy into another recession, according to the president of Germany’s central bank. Germany’s economy has contracted for the…
USA: Trump threatens 200% tariff on alcohol from EU
US President Donald Trump has threatened a 200% tariff on any alcohol coming to the US from the European Union (EU) in the latest twist of an escalating trade war.…