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Luxury carmaker Lotus to slash UK jobs amid US tariffs
Luxury carmaker Lotus to slash UK jobs amid US tariffs
Economy
by  AFP

Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs. The carmaker, which is majority owned by Chinese auto giant Geely, has several sites in the UK, including its headquarters in Hethel, eastern England.

Small parcels in limbo as Trump moves to end US tariff exemption
Small parcels in limbo as Trump moves to end US tariff exemption
Economy
by  AFP

An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with businesses halting shipments to American consumers and mulling price hikes. Massicotte said: "This tariff war is just going to hurt the American and the Canadian consumer, especially small business owners." bys/bgs