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UK Chancellor Rachel Reeves has maintained her focus on boosting productivity through infrastructure investment and planning reform, while facing pressure over a potential £50bn fiscal shortfall. Recent economic data and polling suggest growing support for tax hikes, especially on the wealthy, amid concerns over sluggish growth and inflation.
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The US has ended its de minimis exemption for small packages, affecting imports from China, Europe, and other regions. Customs duties will now apply to packages valued at $800 or less, leading to disruptions in international shipping, higher costs for consumers, and delays as postal services adapt to the new regime.
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As of September 9, 2025, the US has formally reduced tariffs on Japanese automobiles and parts from 27.5% to 15%, following a July agreement. Japan pledged $550 billion in US investments and agreed to increase imports of American agricultural products, including rice. Some tariff issues on pharmaceuticals and semiconductors remain unresolved, with ongoing administrative talks.
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Recent trade disruptions and tariff changes have affected UK and US retailers, with some experiencing increased costs and delayed sales. Despite these challenges, UK firms report higher US sales, and some brands launch new products amid ongoing trade policy uncertainties. The story highlights the complex effects of tariffs and trade rules on retail businesses today.
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Rachel Reeves plans to close a UK customs duty loophole allowing small packages from Chinese online retailers like Shein and Temu to enter duty-free, aiming to level the playing field for domestic retailers. The move, announced in her 26 November budget, targets an industry loss of up to £600m annually.
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As of 12 November 2025, France has suspended access to Shein's online platform following the discovery of illegal products, including childlike sex dolls and weapons. The move coincides with protests against Shein's first permanent Paris store opening. French authorities are inspecting shipments and urging EU action, while Shein pledges cooperation amid mounting political and public backlash.