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Trump announces new tariffs on trucks, drugs and kitchen cabinets
US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US. Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform. “The reason…
Charlie Kirk death: Report those who celebrate the shooting to employers, Vance says
People who celebrate the killing of conservative influencer Charlie Kirk should be held accountable, US Vice-President JD Vance has said. “Call them out, and hell, call their employer,” Vance said as he guest-hosted an episode of the Charlie Kirk Show. “We don’t believe in political violence, but we do believe in civility.” Pilots, medical professionals,…
Which countries do business with Iran and what could new US tariffs mean?
Jemma Crewand Faarea Masud,Business reporters EPA/Shutterstock US President Donald Trump has said countries doing business with Iran will face a 25% tariff on trade they do with America. It comes as Iran cracks down on anti-government protests, with thousands of people feared dead. Trump has used the threat of tariffs before to exert pressure on…
CPI inflation: Price increases in the US ease in November
Natalie ShermanBusiness reporter Bloomberg via Getty Images Price increases in the US eased in recent months, as costs for items including hotels, milk and some kinds of clothing fell. The latest figures from the Labor Department showed prices rose 2.7% over the 12 months to November. That pace was down from 3% in September and…
Netflix drops Warner Bros bid, clearing way for Paramount takeover
Last December, Warner Bros agreed to a takeover offer from Netflix for some of its assets. But Paramount, which is backed by tech billionaire Larry Ellison and led by his son David, made a rival offer as it looks to transform itself into a Hollywood heavyweight. But it had been rebuffed by Warner Bros.
