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UK steel sector faces unprecedented crisis amid EU tariff hike. The European Union’s decision to double tariffs on steel imports threatens the UK steel industry, which exported 78% of its steel to the EU last year. Industry leaders warn of severe impacts on domestic production.
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U.S. manufacturing edged higher in September but remained in contraction. Activity improved modestly with output rising, yet new orders, exports, and hiring continued to decline. Tariff costs and supply chain pressures weighed heavily on companies, while private payrolls fell sharply, raising further concerns over the health of the sector.
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The Supreme Court will decide if Trump overreached on tariffs. The justices will hear the fast-tracked case in November, with up to $1 trillion in duties at stake. The ruling could redefine trade powers and reshape the balance between Congress and the presidency.
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Peter Kyle launches dual-front trade push with Washington, then Beijing. New Business Secretary Peter Kyle has opened his tenure with back-to-back international trade missions, beginning with US tech talks and continuing in China for the UK’s first JETCO meeting since 2019 — a symbolic reset in Labour’s global economic strategy.
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U.S. President Trump has signed an executive order cutting tariffs. The measure reduces duties on Japanese cars and auto parts to 15%, down from 27.5%, and is tied to a $550 billion Japanese investment pledge. The order implements a July trade agreement and carries retroactive effect.
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EU court upholds data transfer framework between Europe and US. The ruling rejected a legal challenge and confirmed that the framework’s safeguards are adequate, allowing businesses across sectors to continue transatlantic transfers with renewed certainty after years of disruption caused by previous court annulments of earlier agreements.
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US duty‑free import threshold scrapped for parcels under $800. The United States has eliminated its longstanding tariff exemption for low‑value imports, forcing businesses and logistics providers to reconfigure shipping strategies as new charges and regulatory complexity take effect.
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New trade deal imposes 15% cap on most EU exports. The United States and European Union have signed a tariff framework capping most duties at 15%, exempting select sectors and outlining reciprocal measures in energy, agriculture and investment. The provisional pact leaves several disputes unresolved, with legislative steps still pending.
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Tariffs have become geopolitical weapons of trade warfare in 2025. The US is targeting BRICS countries with sweeping levies, forcing businesses to rethink supply chains, risk planning, and resilience in a fragmented trade order.
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China’s exports rose sharply in July, surprising many market watchers. Businesses accelerated shipments ahead of a new US tariff deadline, driving a sharp rise in exports and a 4.1% increase in imports. Southeast Asia absorbed more Chinese goods as trade shifted amid ongoing tensions between Washington and Beijing.