Donald Trump
This coverage examines how Donald Trump’s policies, statements, and international influence intersect with the UK retail sector. Reporting focuses on trade implications, tariff developments, consumer sentiment shifts, and geopolitical events that affect retail supply chains, market confidence, and strategic planning. Content is curated for professionals navigating the impact of global political leadership on UK retail operations, investment, and cross-border commerce.
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May- 2025 -9 MayFeatures
Why is Rachel Reeves reviewing the Low Value Import Scheme?
The global economy is currently experiencing turbulent times as a result of Donald Trump’s trade war. Currys CEO Alex Baldock, alongside a number of other retail CEOs, recently warned that more Chinese products could “flood” the UK and Europe market through platforms like Temu, Shein and Amazon, as a result.…
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9 MayEconomy
UK agrees trade deal with US but 10% tariff remains
The UK and the US have reached a “first-of-a-kind” trade agreement, under which the US will slash tariffs on UK carmakers, steelworks and farmers – protecting jobs and providing stability for exporters. According to the trade deal, car export tariffs will reduce from 27.5% to 10% – saving hundreds of…
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8 MayLuxury Goods
Pandora lowers profit guidance amid tariff fears
Pandora has revealed that it has lowered its EBIT margin guidance for the full year to “around 24%”, down from 24.5%. The retailer cited currency fluctuations and ongoing uncertainties around US trade tariffs as key factors behind the reduction in its margin expectations. Despite this, the company saw its sales…
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Apr- 2025 -24 AprilGovernment
Chancellor mulls ending tariff-free import scheme to combat Chinese dumping
Chancellor Rachel Reeves is considering ending the Low Value Import scheme, which currently allows online retailers to bring goods worth up to £135 into the country without paying customs duties. The move comes as the UK prepares for an influx of Chinese companies dumping stock for cheap as a result…
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14 AprilClothing & Shoes
UK watchdog faces criticism over Shein IPO approval
UK watchdog, the Financial Conduct Authority, is facing criticism from UK investor groups after reports from Reuters that it has given Chinese fast fashion retailer Shein the go ahead for a London listing. A top UK managers’ trade group, including Aviva Investors, Schroders and M&G has criticised the watchdog’s decision,…
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14 AprilNews
Currys CEO warns of ‘flood’ of Chinese products amid Trump tariffs
The head of Currys has warned that more Chinese products will “flood” the UK and Europe market through platforms like Temu, Shein and Amazon, following Donald Trump’s China tariffs and its effects on US trade.Alongside other retail executives, Alex Baldock warned that Chinese factories selling directly to marketplaces or platforms…
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9 AprilGovernment
Chancellor rejects calls for ‘Buy British’ campaign
Chancellor Rachel Reeves has rejected calls for a “Buy British” campaign in the face of tariffs from president Donald Trump, claiming it would risk making the UK appear too “inward-looking”. Reeves was responding to a question from Daisy Cooper MP of the Liberal Democrats in the House of Commons to…
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8 AprilHealth & Beauty
Lush to pass on Trump tariffs to US consumer as its losses widen
Cosmetics retailer Lush has revealed it is set to pass on the effects of Donald Trump’s tariffs to its US consumers as it looks to navigate a difficult trading environment, which has seen its group losses before tax increase 52% to £42.6m. According to its latest accounts on Companies House,…
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7 AprilEconomy
Trump calls tariffs ‘medicine’ amid market turmoil
US president Donald Trump has called his newly-announced tariffs “medicine” as he showed no signs of reversing them. Speaking to reporters on Sunday (6 April) aboard Air Force One, Trump warned that governments would have to pay “a lot of money” to lift sweeping tariffs. He said: “I don’t want…
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Mar- 2025 -24 MarchTechnology
Ocado scales back diversity targets amid DEI crackdown
Ocado has scaled back its diversity targets following a wider rollback of diversity initiatives in the corporate world, The Telegraph has reported. The company’s goal of having 10% of senior management roles be held by people from ethnic minorities has been pushed back to 2030, behind its previous target of…
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