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US and China extend trade truce to avoid tariffs hike
The postponement of increased import duties between the US and China maintains current tariff levels, potentially stabilizing trade costs and reducing uncertainty for businesses en...
Read Full Article →Trump’s 15% tariff on medicines will harm patients, say EU drugmakers
The introduction of a 15% import duty on European medicines is expected to increase costs, disrupt supply chains, and negatively impact pharmaceutical companies' market valuations...
Read Full Article →US-EU trade deal is a ‘dark day’ for Europe, says French PM
The agreement introduces a substantial increase in tariffs on European goods exported to the US, potentially raising costs for European businesses and impacting trade balances betw...
Read Full Article →Capital gains tax receipts fall after big cuts in allowances
The government experienced a notable decrease in income from capital gains taxation in 2023-24, with collections dropping by 18 percent to £12.1 billion following substantial reduc...
Read Full Article →EU fails to reduce 50% steel tariff in outline trade deal with US
The continuation of high tariffs on steel exports to the US poses a substantial financial burden on European producers, potentially leading to significant revenue losses amid compe...
Read Full Article →Financial markets rally after Trump announces tariff deal with Japan
Global stock indexes experienced notable gains as the announcement of a reduced tariff rate on Japanese products boosted investor confidence and positively impacted market valuatio...
Read Full Article →Buy UK: City stocks set for boost from Trump’s trade war with EU
Investors anticipate that ongoing trade tensions between the United States and Europe could positively influence the performance of stocks based in the United Kingdom’s financial s...
Read Full Article →Pub bosses in joint call for ‘urgent’ tax reform
Leaders within the pub industry emphasize the need to revise the commercial property tax structure, highlighting its impact on operational expenses amid increasing economic challen...
Read Full Article →Manufacturers plead for US tariff clarity before copper stockpiles dwindle
Manufacturers are seeking detailed information on the proposed 50% tariff to assess its potential impact on costs and inventory management as copper reserves begin to decrease.
Read Full Article →Trump’s 10% tariff on most UK goods ‘here to stay’, says Lord Mandelson
The continued 10% tariff on UK imports to the US affects trade costs and market access, potentially influencing bilateral economic relations and prompting selective discussions in...
Read Full Article →Trump’s Brazil tariff ‘sets a scary precedent’ given the U.S. has a trade surplus with the country,...
Economists warn that imposing a 50% duty on Brazilian imports could disrupt existing trade balances, potentially affecting economic relations between the United States and Brazil.
Read Full Article →Brazil vows to match US tariffs after Trump threatens 50% levy
Brazil’s decision to impose equivalent duties follows U.S. proposals for steep tariffs, signaling a potential escalation in trade tensions that could impact economic relations betw...
Read Full Article →Trump flags tariffs of 200pc on pharmaceuticals, 50pc on copper
A proposed increase in tariffs on pharmaceuticals and copper could substantially impact Australia's export revenues by significantly raising costs for these key commodities in the...
Read Full Article →Trump threatens extra 10% tariff on nations siding with 'anti-American policies'
The proposed additional tariff could increase costs on imports from countries supporting certain international alliances, potentially impacting trade balances and economic relation...
Read Full Article →Canada scraps tech tax to advance Trump trade talks
The removal of the proposed levy on technology firms aims to improve trade relations between Canada and the United States, potentially influencing cross-border investments and econ...
Read Full Article →Brazil ends crypto tax break, imposes 17.5% levy on gains
Beginning June 12, Brazil will apply a 17.5% capital gains tax on all cryptocurrency transactions, eliminating the former monthly exemption that benefited smaller investors.
Read Full Article →Gold Coast residents slugged one-off $10 payment for cyclone clean-up
Residents of the Gold Coast faced an additional charge in their local rates to help fund the $50 million expenses associated with recovery efforts after the recent natural disaster...
Read Full Article →Trump's 50% steel tariffs hit the world but UK spared full blow
The new U.S. duties on steel and aluminum imports have significant economic implications globally, although the United Kingdom faces reduced impact due to exceptions in the applied...
Read Full Article →UK temporarily spared from Trump's 50% metal tariffs
The UK continues to face a 25% import duty on metals for US companies, while other nations are subject to a higher 50% tariff, affecting trade costs and competitiveness.
Read Full Article →58% of U.S. imports exempt from Canada's retaliatory tariffs, says new report
Over half of American products brought into Canada remain unaffected by the recent 25 percent tariff applied to $30 billion in goods, potentially mitigating economic impact on bila...
Read Full Article →As Trump hits E.U., phone makers with fresh threats, here’s where all his tariffs stand now
Recent announcements indicate escalating import duties on European goods and mobile devices, potentially impacting international trade costs and market dynamics as ongoing negotiat...
Read Full Article →Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’
The planned introduction of a 50% import duty on goods from Europe starting next month could disrupt trade flows and potentially impact financial markets due to increased costs and...
Read Full Article →Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K
The announcement of substantial tariffs on European goods and Apple products has led to a notable decline in Bitcoin’s value, reflecting investor concern over escalating trade tens...
Read Full Article →Victorian councils 'deeply reluctant' to enforce controversial levy
Several local governments in Victoria are concerned that widespread non-payment of the emergency services charge could lead to decreased funding for essential public services and b...
Read Full Article →SES members hope controversial funding path will pass
The proposed legislation to generate revenue for Victoria's emergency services via a new levy is anticipated to be reconsidered in parliament following a recent postponement.
Read Full Article →White House announces U.S.-China trade deal, offers few details
The recent agreement between the two countries aims to alleviate ongoing trade tensions that have significantly impacted tariffs, potentially influencing import costs and economic...
Read Full Article →This is why the UK’s tech tax still riles Washington
The UK's Digital Services Tax, a two percent charge implemented in 2020, remains a point of contention as it impacts major American technology companies and complicates bilateral t...
Read Full Article →Volunteer firefighters launch protest against Allan's 'horrendous' tax
The proposed new levy introduced by the Allan government has prompted demonstrations from CFA volunteers and farmers, highlighting concerns about its potential economic impact on l...
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