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Trump's Trade War Escalates with Canada and EU Retaliation

Trump's Trade War Escalates with Canada and EU Retaliation

Trump criticizes EU during meeting with Irish premier as trade tensions rise

During a meeting with Irish premier Micheal Martin, President Trump criticized the EU for taking advantage of the US and highlighted the trade relationship's need for fairness. This comes after Trump imposed tariffs on steel and aluminum, leading Canada to announce retaliatory tariffs and the EU to impose counter tariffs. Trump expressed admiration for Ireland's actions but blamed past US leaders for allowing the situation. He mentioned imposing tariffs on EU cars and criticized the EU for unfair treatment of US companies.

Trade Politics
Published: 3/12/2025 See the full story
Modella Capital Considers Hobbycraft Restructuring Amid WH Smith Bid

Modella Capital Considers Hobbycraft Restructuring Amid WH Smith Bid

Modella Capital Explores Hobbycraft Restructuring in WH Smith Bid

Modella Capital, a bidder for WH Smith's high street business, is contemplating restructuring Hobbycraft, a crafts chain it acquired recently. The company is working with FRP to assess options, potentially including a company voluntary arrangement (CVA) commonly used in retail. While the process is in early stages, with no decisions made yet, Modella operates Hobbycraft with 124 stores and around 2,400 employees. Modella, known for purchasing struggling retailers, competes with Alteri to acquire WH Smith's high street portfolio.

Retail Business
Published: 3/12/2025 See the full story
Identifying Mis-Sold Car Finance and Taking Action

Identifying Mis-Sold Car Finance and Taking Action

FCA investigates potential overcharging in car finance deals, leading to possible compensation for affected consumers.

The Financial Conduct Authority (FCA) is reviewing past motor finance deals to determine if customers were overcharged due to commission arrangements. Brokers earned more by placing buyers on higher interest rates, resulting in potential overcharging. The FCA is considering a redress scheme for affected consumers. Lenders like Barclays and Lloyds are involved, setting aside funds for potential claims. Consumers can contact lenders if affected and escalate to the Financial Ombudsman Service if unsatisfied.

Finance Consumer Rights
Published: 3/12/2025 See the full story
Challenges for UK in Securing Tariff Concessions from Trump

Challenges for UK in Securing Tariff Concessions from Trump

UK faces obstacles in obtaining tariff exemptions from Trump amid escalating trade tensions

The UK struggles to secure tariff concessions from Trump as the White House remains resolute in imposing tariffs on aluminium and steel imports. Despite efforts from key allies like Keir Starmer, the UK has not received exemptions. The British government aims to maintain a pragmatic approach and hopes for a trade deal, as retaliatory tariffs could hinder negotiations.

Trade Tariffs
Published: 3/12/2025 See the full story
Canada's Response to Trump's Tariff Trade War

Canada's Response to Trump's Tariff Trade War

Defiance in Canada against Trump's tariffs

In response to Trump's trade war, Canadians are showing defiance through small acts like hiding American liquor labels and promoting Canadian products. The British Columbia premier retaliated by banning American alcohol sales. Canadians are uniting to buy local products and avoid American goods. Despite Trump's claims about Fentanyl, experts dispute Canada's role in the crisis. The trade war is straining US-Canada relations, raising questions about Canada's power against its larger neighbor.

Trade Politics
Published: 3/12/2025 See the full story
Impact of Donald Trump's Tariffs on the UK

Impact of Donald Trump's Tariffs on the UK

US Tariffs on Steel and Aluminium: Effects on UK and Global Trade

Donald Trump has imposed tariffs on steel and aluminium imports to the US, affecting UK products. The EU and Canada plan retaliatory tariffs on US goods. UK industry sees it as a direct attack, but the country's steel exports to the US are limited. The UK government aims for a wider trade deal with the US and delays immediate retaliation. The tariffs may lead to increased costs for metal products, impacting global trade and potentially causing economic downturns.

Trade Economy
Published: 3/12/2025 See the full story
President Trump's Support for Tesla

President Trump's Support for Tesla

President Trump Buys Tesla in Solidarity with Elon Musk

President Trump recently purchased a Tesla, showing support for Elon Musk's company, which has faced a significant drop in stock value. The White House briefly showcased Tesla models, with Trump praising the red Model S. Despite criticism from some federal workers affected by budget cuts, Trump encouraged Americans to buy Tesla as a show of solidarity with Musk.

Politics Business
Published: 3/12/2025 See the full story
Labour MPs Oppose Impending Benefit Cuts

Labour MPs Oppose Impending Benefit Cuts

Labour MPs criticize government's upcoming welfare cuts as all 404 MPs called to Downing Street briefing

Labour MPs are publicly voicing their concerns over the government's planned benefit reductions, advocating for alternative fiscal decisions like implementing a wealth tax. With an official announcement expected in the upcoming spring statement, tensions rise as all 404 Labour MPs are summoned to Downing Street for discussions on the impending cuts. The government aims to address the ballooning welfare expenses, prompting mixed reactions among MPs and the public.

Politics Welfare
Published: 3/11/2025 See the full story
Farmers React to Pause in Environmental Payment Scheme

Farmers React to Pause in Environmental Payment Scheme

Anger Among Farmers Over Sudden Halt to Sustainable Farming Incentive Applications

The National Farmers' Union expressed outrage as the government abruptly stopped new applications for the Sustainable Farming Incentive, causing a significant setback for farmers. The pause in applications, announced with only 30 minutes notice, has stirred controversy among politicians from various parties. While the government cites reaching the budget limit as the reason, critics argue that the move harms nature, the environment, and food production.

Farming Government Policy
Published: 3/11/2025 See the full story
Global Expansion of Trump's Trade War with 25% Tariffs on Steel and Aluminium

Global Expansion of Trump's Trade War with 25% Tariffs on Steel and Aluminium

Trump's Trade War Widens with Global Tariffs on Steel and Aluminium

The trade war initiated by Donald Trump has escalated worldwide, with the imposition of 25% tariffs on steel and aluminium imports to the US, affecting UK products valued at hundreds of millions of pounds. While the US aims to protect its manufacturing sector and create jobs by making foreign goods less appealing, financial markets are showing concerns about the impact of these tariffs on the economy. The EU has vowed to retaliate with counter tariffs on US goods, while UK steel exports face significant challenges due to the tariffs.

Trade Economy
Published: 3/11/2025 See the full story