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uk tariff

  • ‘Drastic’ Dave to serve up new vision for Guinness maker Diageo

    Retail

    It’s been a rocky 12 months for drinks titan Diageo and Sir Dave Lewis will be looking to cure the firm’s long-running hangover when he serves up his future vision next week. Diageo’s stock has tumbled over 15 per cent in the last 12 months with a notable drop in November after operating profit growth [...]

    Diageo owns the Guinness brand
  • UK and Trump in new tariff discussions as businesses sound alarm

    Economics

    The UK is in discussions with the US over President Trump’s latest tariff salvo, a cabinet minister has confirmed, as businesses sound the alarm about the increased rate. President Donald Trump raised his base global tariff rate to 15 per cent on Saturday after the US Supreme Court struck down the authority he used to [...]

    Donald Trump dancing at a campaign rally in Pennsylvania, engaging supporters with enthusiastic gestures and lively expres...
  • Triumph: Profit almost wiped out at iconic motorcycles maker

    Transport and infrastructure

    Profit at iconic motorcycles maker Triumph has almost been wiped out thanks to US President Donald Trump’s trade tariffs and the cost-of-living crisis. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has posted a pre-tax profit of £2.2m for the year to 30 June, 2025. That figure is down significantly from the pre-tax [...]

    Successful business team celebrating a major achievement with smiles and raised hands in a modern corporate office setting.
  • Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’

    October 22, 2025

    The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]

  • Trump threatens 100 per cent tariff on UK films to ‘protect Hollywood’

    September 29, 2025

    President Donald Trump has renewed his threat to impose a 100 per cent tariff on “any and all” films produced outside the USA, a move that has sparked concern across the British film industry. In a post on Truth Social on Monday, Trump criticised foreign movie production as “stealing candy from a baby”, and accused [...]

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