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BusinessTrade Tariffs Make It Harder to Keep Prices Low, Ikea Executive Says
BusinessFactbox-Global Companies That Might Be Affected by Trump’s Promised Tariffs
BusinessEU Challenges Chinese Brandy Tariffs at WTO
Top StoriesHennessy Workers Strike as France’s Macron Urges Xi to Drop China Cognac Tariffs
Central Europe to Feel Impact of Any US Tariff Hit to Germany
Date: November 14, 2024
By Gergely Szakacs BUDAPEST (Reuters) – If U.S. President-elect Donald Trump delivers on a pledge to hit European imports with tariffs, Hungary will feel the effects “exponentially” because of its German trade links, a top business leader said on Thursday. Germany is expected to be more affected by any U.S. tariffs than other euro area...
Analysis-Ukrainian Corn Seed Flows to Europe in Further Farm Trade Shift
Date: October 24, 2024
By Gus Trompiz and Pavel Polityuk PARIS/KYIV (Reuters) – Ukraine has rapidly expanded exports of corn seed to the EU in the past two years in rare good news for its war-hit agricultural sector but adding to European farmers’ grievances about what they say is unfair competition from Kyiv. It is ramping up shipments under...
US Locks in Steep China Tariff Hikes, Many to Start Sept. 27
Date: September 13, 2024
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China’s state-driven excess production capacity. The U.S. Trade Representative’s said that many of the tariffs, including a 100% duty on Chinese EVs, 50%...
Turkish Gold Demand Lifts Italian Jewellery Exports as Leather Goods Suffer
Date: August 12, 2024
MILAN (Reuters) – A surge in demand for gold from inflation-stricken Turkey boosted exports of jewellery from Italy’s industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area. Demand from Turkey, where inflation was running at 61.8% in July, drove jewellery exports from...
German Retail Sales Fall More Than Expected in April
Date: May 31, 2024
German retail sales fall more than expected in April (Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe’s largest economy. Analysts polled by Reuters had predicted a 0.1% decrease. Year on year, retails sales...
UK to Implement Carbon Levy on Imported Goods by 2027
Date: December 18, 2023
UK to implement carbon levy on imported goods by 2027 By Kylie MacLellan LONDON (Reuters) -Britain said on Monday it would implement a new import carbon pricing mechanism by 2027, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonisation efforts. The government said...