Reuters UK Business

By Paul Sandle CHICHESTER, England (Reuters) – Premium British chocolate maker Montezuma’s hopes the higher duties imposed on its European rivals could be an advantage for its U.S. export ambitions, after Britain escaped the steepest of President Donald Trump’s tariffs. Britain was spared the most punitive treatment in Trump’s tariff announcement on Wednesday, when it …

‘Disappointed but relief it’s not worse’, UK chocolate maker counts cost of tariffs Read More »

ZURICH (Reuters) – Swiss engineering group ABB said on Thursday it is evaluating the implications of new import tariffs and expects to pass on higher costs that result from them. “We expect to pass on cost increases that are the result of the tariffs to our customers,” a company spokesperson said. The spokesperson said ABB …

ABB expects to pass on cost increases from new tariffs Read More »

DUBLIN (Reuters) – Irish Prime Minister Micheal Martin said on Thursday it was still too early to consider supporting businesses hit by President Donald Trump’s import tariffs of 20% but that he expected talks with the U.S. on the impact of the levies. “It’s somewhat early yet to be talking in terms of supports (for …

Irish PM says too early to consider supporting businesses hit by tariffs Read More »

By Jason Hovet and Gergely Szakacs PRAGUE/BUDAPEST (Reuters) -Leaders in the Czech Republic and Poland signalled a readiness on Thursday to retaliate to new U.S. tariffs, while Hungary blamed Brussels for tensions with Washington, as central Europe began counting the likely costs of a trade war. Central European countries are among the European Union member …

Export-reliant central Europe weighs repercussions of Trump tariffs Read More »

By Yadarisa Shabong (Reuters) – Sterling climbed to a six-month high against the dollar on Thursday as traders abandoned the U.S. currency after President Donald Trump’s expansive trade barriers stoked fears of a global slowdown in economic growth. Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United …

Sterling soars to six-month high as traders dump dollars Read More »

BRUSSELS (Reuters) – European Union member states are set to vote on Wednesday April 9 on countermeasures to the United States’ steel and aluminum tariffs, a senior EU official, said on Thursday. The Commission’s proposal will be passed as long as it is not opposed by a qualified majority of 15 member states representing 65% …

EU members to vote April 9 on countermeasures to U.S. tariffs, says senior EU official Read More »