Category: Economics

Chancellor Rachel Reeves has triggered fresh uncertainty after cancelling a planned welfare reform expected to save £5.5 billion, leaving a significant hole in the Treasury’s accounts and raising the prospect of tax increases later this year. Markets reacted swiftly: sterling dipped and gov... Read more

As the freight and logistics sector navigates a complex global landscape, the coming week marks a period of significant policy recalibration. From fiscal reforms in the UK and US to central bank updates and ongoing geopolitical tensions, the external environment is shifting and with it, the op... Read more

Faced with rising tariffs, geopolitical risk, and ongoing disruption to global transport networks, a growing number of businesses are turning to near-shoring as a strategic way to strengthen supply chains. Near-shoring, the relocation of manufacturing or sourcing to nearby countries, gained at... Read more

A U.S. federal court has ruled that President Donald Trump's sweeping "Liberation Day" tariffs are illegal — delivering what may prove to be a major blow to his trade policy agenda, or simply a temporary setback. On May 28, 2025, the United States Court of International Trade determined that... Read more

The UK government has made major strides in strengthening its international trade relationships this May, concluding three key agreements with India (6 May), the United States (8 May), and the European Union (19 May). These agreements could reshape trade routes and sourcing decisions, reduce c... Read more

As the United States recalibrates its tariff landscape, importers (and DDP exporters) are navigating a rapidly shifting environment. With Section 301 tariffs on Chinese goods still firmly in place, it has never been more critical to understand which tariffs apply and how to calculate them. In ... Read more

Launched as a strategic counterweight to China’s Belt and Road Initiative, the India–Middle East–Europe Economic Corridor (IMEC) is poised to reshape global trade flows between Europe, India, and beyond. Backed by a coalition of world powers including the US, EU, India, and key Middle Ea... Read more

International trade and global shipping has long been shaped by the ebb and flow of economic indicators, currency movements, and policy decisions. But in recent weeks, this interplay has intensified, with significant implications for importers and exporters. While President Trump’s new trade... Read more

On 2 April 2025, President Donald J. Trump announced sweeping new tariffs, targeting approximately 60 countries, with China singled out for the most severe action. In response to retaliatory tariffs from Beijing, the United States escalated its own duties, ultimately imposing a 125% tariff on all... Read more

After weeks of speculation, US President Donald Trump has sharply escalated tariffs on Chinese goods to 125%, while simultaneously offering a 90-day reprieve to other trading partners. The baseline tariff of 10% applies to imports from all countries other than China, including the EU. This rat... Read more

Further to our recent update on the major changes to US tariffs (link), the global trade landscape remains highly fluid, with the situation evolving rapidly. Last Wednesday, 2nd April, President Donald Trump announced a comprehensive tariff strategy, imposing a universal 10% tariff on all impo... Read more

On 2 April , President Trump unveiled sweeping new tariffs that will have global implications for international trade.  These measures mark the most significant restructuring of U.S. tariff policy in decades and they will impact many businesses, irrespective of whether they trade with the Uni... Read more