Companies brace for price pressures as Trump tariffs start to bite

Businesses have begun stockpiling materials, reviewing manufacturing footprints and preparing to raise prices as Donald Trump’s trade war has entered “uncharted territory” with sweeping tariffs on Canada, Mexico and China. Sectors including manufacturing, retail and food were among those to highlight shocks to their supply chains after the US president imposed 25 per cent duties…

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Germany’s Merz strikes debt deal to fund defence and infrastructure

Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Friedrich Merz, Germany’s chancellor-in-waiting, has agreed a deal with his likely coalition partner to inject hundreds of billions in extra funding into the country’s military and infrastructure, marking a “sea-change” in the nation’s conservative approach…

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