News

China falling short of US trade deal targets

China agreed to buy the goods in a trade deal with the US agreed last January in exchange for reduced tariffs on $120bn worth of goods. The agreement was seen as phase one of a deal aimed at resolving the trade war between the world's biggest economies.

Brexit: Nissan commits to keep making cars in Sunderland

It said it will move additional battery production close to the plant where it has 6,000 direct employees and supports nearly 70,000 jobs in the supply chain. Currently, the batteries in its Leaf electric cars are imported from Japan. Nissan would not confirm if this would mean additional jobs at Sunderland, which is the UK's largest car plant.

China falling short of US trade deal targets

China is falling short of its commitment to buy an extra $200bn (£146bn) worth of US goods over 2020 and 2021. China agreed to buy the goods in a trade deal with the US agreed last January in exchange for reduced tariffs on $120bn worth of goods. The agreement was seen as phase one of a deal aimed at resolving the trade war between the world's biggest economies.

Retailers could burn goods stuck in EU

UK retailers could abandon goods EU customers want to return, with some even thinking of burning them because it is cheaper than bringing them home. They say the new EU trade deal has put costly duties on returns at a time when firms are already struggling. The BBC has been told UK High Street and luxury brands have a mounting volume of goods stuck with courier services on the continent.