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Sapporo to move some production to US after 50% tariff
Posted onJapanese brewer Sapporo says it will move some beer production from Canada to the US after new tariffs on Canadian beer took effect on Tuesday. The move follows the introduction of a 50% tariff on beer imported from Canada. For companies shipping beer across the border, that means significantly higher costs. Chief strategy officer Rieko…
UK economy saw zero growth in July
Posted onThe UK economy failed to grow in July, following the biggest contraction in manufacturing output for a year. The Office for National Statistics (ONS) said the economy saw zero growth in the month, which was in line with expectations, following a 0.4% expansion in June. However, monthly figures are volatile, and the ONS has said…
How South Korea’s K-beauty industry is being hit by Trump tariffs
Posted onOsmond Chia Business reporter, BBC News Getty Images Cars and smartphones may rank among South Korea’s biggest exports to the US, but few goods inspire a more devoted following than the Asian country’s beauty products. K-beauty – a term that covers a wide range of skincare, makeup and cosmetics from South Korea – is lauded…
Watch: Are Trumps tariffs delivering on his objectives?
Posted onTariffs have never been far from the headlines during President Trump’s second term in office and another raft of these import taxes has just come into force. So are US households really paying 1.5% more because of them? The BBC’s Samira Hussain explains how tariffs are affecting the US economy, who pays the price, and…
