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What are tariffs, how do they work and why is Trump using them?
Posted onGetty Images US President Donald Trump has introduced tariffs on goods reaching it from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy. But he has also used the taxes to make other demands, and has…
Insurers told to make travel and home policies easier to understand
Posted onGetty Images Storm damage is one area often in dispute Insurers need to do more to improve how they handle claims and make it clearer to customers what their policies cover, the UK’s finance regulator has said. The Financial Conduct Authority (FCA) was responding to a “super-complaint” by consumer group Which? about the home and…
Trump tariffs: The uncertainties facing businesses and consumers after tariff changes
Posted onUS economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
The guards rise again: the force still shaping Iran
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