#us-trade-tariffs

#us-trade-tariffs

More than 100 jobs are at risk at Aston Martin's St Athan plant in the Vale of Glamorgan, as the luxury carmaker grapples with US trade tariffs and falling demand from China. The company, which began production at its Welsh site in 2019, confirmed that staff consultations are under way but said no final decision on redundancies has yet been made.

The latest Office for National Statistics (ONS) Business Insights Survey reveals that 82% of the UK's transportation & storage sector businesses (the category that includes logistics, parcels, haulage and warehousing firms) say that the new US trade tariffs had no impact on their business during September. Only 3.4% of transport & storage sector companies report that they experienced extra costs because of the tariffs, compared to 6.3% of UK retailers and a significant 11.5% of UK manufacturers.