International Trade
4 articles tagged with this topic.
UK food inflation heading towards 10% due to Iran war, industry says
The Food and Drink Federation (FDF), representing around 12,000 UK manufacturers, now forecasts UK food and non-alcoholic drink inflation of roughly 9–10% by December 2026, up from a pre‑war projection of 3.2%, due to Iran war‑related disruptions to energy, fertiliser and shipping via the Strait of Hormuz. The industry is highly energy‑intensive; as hedges roll off, larger firms expect higher costs and smaller producers buying energy on spot markets are already seeing spikes. Early impacts are visible at fuel pumps, while grocery inflation stood at 4.3% in the four weeks to March 22, according to Worldpanel by Numerator.
Trump tariff fallout: Some industries grapple with lingering effects one year later
One year after new tariffs were imposed by the Trump administration, US companies in sectors such as retail, automotive, and consumer packaged goods are still adapting to the increased costs and supply chain disruptions. Many have diversified supply chains or absorbed costs, while some like the pharmaceutical industry secured exemptions by agreeing to lower drug prices and invest in US manufacturing. The effective US tariff rate remains almost double pre-tariff levels.
Four things you need to know about UK-India trade deal
The UK and India have signed a free trade agreement (FTA) aiming to boost bilateral trade by reducing tariffs on various goods and services. The deal is expected to make imports cheaper in the UK and open up the Indian market for British exporters, particularly in sectors like whisky, cars, and medical devices. The agreement also includes provisions for British firms to compete for service contracts in India and a three-year exemption on social security payments for Indian employees working in the UK on short-term visas.
See the Trump tariffs list by country
The US has implemented new tariffs on imports from over 90 countries under President Trump. The tariffs involve taxes on foreign goods entering the US, with experts suggesting these costs may be passed on to consumers. Brazil and India face particularly high rates of 50%, while negotiations are ongoing with China and Mexico to delay further increases or maintain current rates.