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As of mid-October 2025, US tariffs continue to pressure retail sectors, prompting cautious price hikes and shifts in consumer behavior. Walmart reports strong sales but warns of rising inventory costs. Thrift stores see growth as shoppers seek value. UK retailers like Asda face tax-driven cost pressures amid weak consumer confidence. Delivery speed intensifies competition among US retailers.
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The UK government is considering reforms to business rates to stimulate growth amid industry pressure and recent rate hikes. Simultaneously, policies affecting international students and university funding threaten regional economies and public finances, highlighting ongoing economic and educational tensions.
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Canadian whisky brand Crown Royal plans to shift bottling to the US, sparking political backlash amid ongoing US-Canada trade tensions. Meanwhile, UK-based AB Foods is closing a sugar plant in Hull due to falling European sugar prices and increased ethanol imports, leading to a projected £40 million loss for its sugar division this year.
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Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.