Category: 3. Business

  • Cathay Pacific Orders 14 More Boeing 777-9 Passenger Jets

    Cathay Pacific Orders 14 More Boeing 777-9 Passenger Jets

    – Long-time 777 operator to expand and renew fleet with fuel-efficient 777-9 widebody jets

    HONG KONG, Aug. 6, 2025 /PRNewswire/ — Boeing [NYSE: BA] and Cathay Pacific today announced the Hong Kong-based carrier is ordering 14 more 777-9 passenger jets, bringing its order book to 35 of the world’s largest twin-engine airplane.

    Designed to reduce fuel use and emissions on average by 20% and noise by 40% compared to the airplanes it replaces, the 777-9 will enable Cathay Pacific to efficiently meet growing air travel demand across key global markets.

    “We plan to expand and renew our fleet with the additional 777-9 aircraft, enabling us to continue our rich history of connecting the world with our Hong Kong hub,” said Ronald Lam, Cathay Group Chief Executive Officer. “Cathay Pacific aims to further strengthen our ongoing partnership with Boeing and leverage the world-class features of the new 777-9 as we strive to become the world’s best premium airline.”

    Cathay Pacific has grown its global network with the Boeing 777 family over the past 30 years. The addition of the latest model, the 777-9, will further reduce the airline’s operating costs as it modernizes its fleet and expands passenger and cargo operations on long- and ultra long-haul routes.

    “We are proud to support Cathay Pacific’s continued leadership as one of the world’s top airlines, and introduce the 777-9 as their future flagship airplane,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “This latest order demonstrates the value of the 777-9 and further strengthens the airline’s tradition of delivering superb comfort, convenience and connectivity to passengers for years to come.”

    With a range of 7,295 nautical miles (13,510 km), the 777-9 will allow Cathay Pacific to connect passengers directly between Hong Kong and its global long-haul destinations. Customers around the world have ordered more than 550 777X airplanes, sustaining thousands of jobs at Boeing’s Everett, Wash., site and across the supply chain.

    A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.  

    Contact
    Kevin Yoo
    International Sales Communications
    Kevin.K.Yoo@boeing.com

    Boeing Media Relations
    media@boeing.com 

    SOURCE Boeing

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  • Two ‘misleading’ heat pump adverts banned by UK watchdog | Energy industry

    Two ‘misleading’ heat pump adverts banned by UK watchdog | Energy industry

    Two more “misleading” adverts promoting heat pumps have been banned by the UK’s advertising watchdog.

    A week after the Advertising Standards Authority banned an Octopus Energy ad that claimed consumers could have a heat pump installed for as little as £500, it has taken action against adverts from the home heating supplier Aira and from EDF Energy.

    The ASA found that the two ads, which appeared online, omitted key information about the eligibility criteria for government funding available for installing the pumps.

    The government’s boiler upgrade scheme for England and Wales provides grants of £7,500 to householders who switch from gas boilers to heat pumps. A similar programme, the Home Energy Scotland grant and loan scheme, runs in Scotland.

    The UK government has a target of 600,000 heat pump installations annually by 2028, but there have been claims that the current take-up is too low. The Resolution Foundation thinktank said in April that “the rollout of heat pumps is slow, with fewer than 100,000 fitted into British homes in 2024”.

    An ad on a Meta platform for Aira, seen in March, said: “Ditch your gas boiler for an Aira heat pump today … £7,500 grant available.” EDF’s Google advert in February said: “Get a £7,500 grant – EDF air source heat pumps.”

    Screengrab of the EDF Energy heat pump ad. Photograph: ASA/PA

    The ads were identified for investigation by an ASA system that uses artificial intelligence to check ads in specific sectors.

    The watchdog said of both promotions that “the ad gave the impression consumers would be automatically eligible to receive a government grant of £7,500, and it did not make clear the government funding for a heat pump was subject to eligibility”.

    It added: “We considered that was material information that should have been included. Because the ad omitted material information, we concluded it was likely to mislead.”

    The ASA said there were a number of eligibility criteria that consumers needed to satisfy in order to qualify for funding for a heat pump, and that these differed between the two official schemes.

    skip past newsletter promotion

    Aira told the ASA that the ad was targeted only at homeowners in England and Scotland, where £7,500 grants were available. The company said it did not believe a consumer would interpret the ad as meaning that the grants were given automatically and without conditions.

    EDF told the watchdog that its ad linked through to one of three pages, where all relevant information about the government funding’s eligibility criteria was made clear. It argued that consumers would understand that by clicking on the ad they would land on a page that would explain what they needed to do to get a £7,500 grant.

    In response to the ban, Chris Collinson, Aira’s UK chief executive, said: “We are committed to providing complete transparency around the eligibility criteria and material information surrounding the availability of government grants for heat pumps in the UK, and to compliance with industry codes of conduct. Aira has taken immediate steps to address the points raised in ASA’s ruling.”

    EDF said that “neither the ASA [n]or ourselves received any complaints about the advert; however, we accept their ruling as we are fully aligned to their objective of improving the clarity of customer communications”. The spokesperson said it had already updated its marketing information, “and would have done so if requested, as we take a collaborative approach. We have encouraged the ASA to reach out informally should they have any concerns in the future.”

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  • OpenAI eyes $500 billion valuation in potential employee share sale, source says – Reuters

    1. OpenAI eyes $500 billion valuation in potential employee share sale, source says  Reuters
    2. Exclusive: OpenAI Secures Another Giant Funding Deal  The New York Times
    3. OpenAI’s $500B Valuation Play: Unlocking Liquidity, Attracting Capital, and Reinforcing AI Supremacy  AInvest
    4. OpenAI more valuable than SpaceX? Investors seem to think so  Silicon Republic
    5. OpenAI Hits $12 Billion in Annualized Revenue, Breaks 700 Million ChatGPT Weekly Active Users  The Information

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  • Warwickshire farmer installs solar panels on part of land

    Warwickshire farmer installs solar panels on part of land

    Shehnaz Khan

    BBC News, West Midlands

    Listen: The chicken and solar farm powering 16,000 homes

    A Warwickshire farmer who has had part of his land turned into a solar farm said the extra income generated from the site helps him sleep at night.

    Rob Hadley, from Chesterton Fields Farm, near Leamington Spa, Warwickshire, said about 20% of his farm had been put down to renewables on a “long-term lease”.

    The 53 megawatts (MW) site, is supplying renewable energy direct to the grid, with enough power for up to 16,000 homes, he added.

    Mr Hadley said it was not his preferred way of farming but income from the panels provided the farm with “security” and “consistency for the future” amid fluctuations in commodity and supply prices.

    “We get a small profit share out of the efficiency of the site as well, so it’s a steady regular income stream now,” he explained.

    “The consistency of the income, it helps you sleep at night.”

    Rows of solar panels at a farm in a field at a farm. The entrance to the field is dry mud with tyre tracks in it.

    About 20% of the farm was being used for renewables, Mr Hadley said

    Mr Hadley said the site had taken about four years due to “long” planning processes but would be in place on his land for the next three decades.

    “Pursuing the solar, it’s something we’ve never embarked on and never done before,” he said.

    “It’s a diversification for 30 years and then it will revert back to agriculture. We’ve got the use of it again in the future for the next generation.”

    Part of the farm’s crop was destroyed in a fire in July on the first day of harvest.

    Mr Hadley said traditional farming was no longer sustainable and changes had to be made to survive.

    “Even today, what we’ve been doing for the last 60 years…. it no longer can sustain and provide the business and the level of business structure and income that we need,” he explained.

    “So we’ve got to make changes and futuristic changes.”

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  • India hits pause on rate cuts as Trump ramps up pressure

    India hits pause on rate cuts as Trump ramps up pressure

    Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.

    Sopa Images | Lightrocket | Getty Images

    India’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump.

    The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points at its last meeting in June.

    RBI Governor Sanjay Malhotra, in his monetary policy statement, said the decision was unanimous. He noted that while global trade challenges lingered, geopolitical uncertainties have “somewhat abated.”

    The Nifty 50 index fell 0.18% after the decision, while the Sensex dipped marginally. The rupee strengthened marginally to trade at 87.72 against the dollar.

    The RBI’s latest move comes as India navigates rising tensions with the U.S. over its trade ties with Russia. On Monday, Trump criticized India for purchasing Russian oil and weapons, threatening higher tariffs and an unspecified “penalty.”

    During its last meeting, RBI Governor Sanjay Malhotra said that given the 50-basis-point cut, there was limited room for monetary policy to support growth, and as such, the RBI would switch its stance to “neutral” from “accommodative.”

    This means that the Monetary Policy Committee, which is the RBI’s key decision-making body, will carefully assess the “incoming data and the evolving outlook to chart out the future course of monetary policy,” Malhotra said.

    Analysts at Bank of America said in a July 28 note that the RBI “took away the punchbowl from the markets” by delivering an early, aggressive cut. They expect the central bank to pause for now, and further policy support will only be deployed if there is a major shift in the macroeconomic outlook.

    However, the BofA analysts left the door open for a possible rate cut later this year — likely in the fourth quarter of 2025 — once the GDP growth outlook becomes clearer.

    India’s latest inflation reading still looks supportive for a rate cut, with the headline inflation rate in June hitting a fresh six-year low of 2.1%.

    Meanwhile, India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended March, sharply higher than the 6.7% growth forecast by economists in a Reuters poll.

    That quarter marked the end of India’s 2024-25 fiscal year, which registered an overall economic growth of 6.5%, in line with the government’s estimate.

    — This is breaking news, please check back for updates.

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  • Traffic fears over Universal theme park plan for Bedfordshire

    Traffic fears over Universal theme park plan for Bedfordshire

    Concerns have been raised that plans for Universal Studios’ first theme park in the UK have not accounted for the potential impact on road traffic.

    The attraction could feature the tallest rides in Europe and attract millions of visitors to Kempston Hardwick, Bedfordshire.

    But while Central Bedfordshire Council member Sue Clark said the complex could be an “extraordinary investment in our area”, she questioned the readiness of the road network.

    Universal Destinations & Experiences recently said the project would “help deliver several long sought-after transportation upgrades, including an expanded Wixams railway station, direct slip roads from the A421 and other local road improvements”.

    The attraction is expected to have 8.5 million visitors when it opens in 2031, with 70% of them due to be from the UK, writes the Local Democracy Reporting Service.

    Under the project’s 40:40:20 Vision, it aims to have 40% of visitors travelling by car, and the application said that equated to about 1.7 million two-way car trips per year on local roads.

    The remaining 60% is split between rail (40%) and other modes of transport, including coaches, buses and taxis.

    Clark, a Conservative councillor from the neighbouring Cranfield and Marston Moretaine ward, said: “We need to be able to run our lives alongside all the visitors Universal will bring.

    “As I wade through the huge mass of planning documents in the consultation, I am increasingly worried the traffic management doesn’t stack up.”

    She said a major concern was the assumption in the traffic modelling that most visitors would arrive after the weekday morning rush hour.

    The transport assessment suggests this pattern will prevent overlap with commuter traffic and reduce pressure on the roads.

    But Clark said if that assumption was wrong, there could be congestion across Marston Vale and beyond.

    “If there’s a problem on the A421 or the motorway, it’s fair to assume we are likely to get congestion as road users try to find alternative routes,” she warned.

    The councillor also raised concerns about junction 13 of the M1, which is a key access point for the proposed park.

    The assessment said there would be some impact on the junction, but “not… to a degree that would result in a change to the nature of the existing congestion”.

    Clark said she was also worried about the lack of contingency planning in the event of motorway closures or traffic incidents.

    The BBC has contacted Universal Destinations & Experiences for comment.

    A public consultation on the proposals will close at midday on 31 August.

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  • Helping data storage keep up with the AI revolution | MIT News

    Helping data storage keep up with the AI revolution | MIT News

    Artificial intelligence is changing the way businesses store and access their data. That’s because traditional data storage systems were designed to handle simple commands from a handful of users at once, whereas today, AI systems with millions of agents need to continuously access and process large amounts of data in parallel. Traditional data storage systems now have layers of complexity, which slows AI systems down because data must pass through multiple tiers before reaching the graphical processing units (GPUs) that are the brain cells of AI.

    Cloudian, co-founded by Michael Tso ’93, SM ’93 and Hiroshi Ohta, is helping storage keep up with the AI revolution. The company has developed a scalable storage system for businesses that helps data flow seamlessly between storage and AI models. The system reduces complexity by applying parallel computing to data storage, consolidating AI functions and data onto a single parallel-processing platform that stores, retrieves, and processes scalable datasets, with direct, high-speed transfers between storage and GPUs and CPUs.

    Cloudian’s integrated storage-computing platform simplifies the process of building commercial-scale AI tools and gives businesses a storage foundation that can keep up with the rise of AI.

    “One of the things people miss about AI is that it’s all about the data,” Tso says. “You can’t get a 10 percent improvement in AI performance with 10 percent more data or even 10 times more data — you need 1,000 times more data. Being able to store that data in a way that’s easy to manage, and in such a way that you can embed computations into it so you can run operations while the data is coming in without moving the data — that’s where this industry is going.”

    From MIT to industry

    As an undergraduate at MIT in the 1990s, Tso was introduced by Professor William Dally to parallel computing — a type of computation in which many calculations occur simultaneously. Tso also worked on parallel computing with Associate Professor Greg Papadopoulos.

    “It was an incredible time because most schools had one super-computing project going on — MIT had four,” Tso recalls.

    As a graduate student, Tso worked with MIT senior research scientist David Clark, a computing pioneer who contributed to the internet’s early architecture, particularly the transmission control protocol (TCP) that delivers data between systems.

    “As a graduate student at MIT, I worked on disconnected and intermittent networking operations for large scale distributed systems,” Tso says. “It’s funny — 30 years on, that’s what I’m still doing today.”

    Following his graduation, Tso worked at Intel’s Architecture Lab, where he invented data synchronization algorithms used by Blackberry. He also created specifications for Nokia that ignited the ringtone download industry. He then joined Inktomi, a startup co-founded by Eric Brewer SM ’92, PhD ’94 that pioneered search and web content distribution technologies.

    In 2001, Tso started Gemini Mobile Technologies with Joseph Norton ’93, SM ’93 and others. The company went on to build the world’s largest mobile messaging systems to handle the massive data growth from camera phones. Then, in the late 2000s, cloud computing became a powerful way for businesses to rent virtual servers as they grew their operations. Tso noticed the amount of data being collected was growing far faster than the speed of networking, so he decided to pivot the company.

    “Data is being created in a lot of different places, and that data has its own gravity: It’s going to cost you money and time to move it,” Tso explains. “That means the end state is a distributed cloud that reaches out to edge devices and servers. You have to bring the cloud to the data, not the data to the cloud.”

    Tso officially launched Cloudian out of Gemini Mobile Technologies in 2012, with a new emphasis on helping customers with scalable, distributed, cloud-compatible data storage.

    “What we didn’t see when we first started the company was that AI was going to be the ultimate use case for data on the edge,” Tso says.

    Although Tso’s research at MIT began more than two decades ago, he sees strong connections between what he worked on and the industry today.

    “It’s like my whole life is playing back because David Clark and I were dealing with disconnected and intermittently connected networks, which are part of every edge use case today, and Professor Dally was working on very fast, scalable interconnects,” Tso says, noting that Dally is now the senior vice president and chief scientist at the leading AI company NVIDIA. “Now, when you look at the modern NVIDIA chip architecture and the way they do interchip communication, it’s got Dally’s work all over it. With Professor Papadopoulos, I worked on accelerate application software with parallel computing hardware without having to rewrite the applications, and that’s exactly the problem we are trying to solve with NVIDIA. Coincidentally, all the stuff I was doing at MIT is playing out.”

    Today Cloudian’s platform uses an object storage architecture in which all kinds of data —documents, videos, sensor data — are stored as a unique object with metadata. Object storage can manage massive datasets in a flat file stucture, making it ideal for unstructured data and AI systems, but it traditionally hasn’t been able to send data directly to AI models without the data first being copied into a computer’s memory system, creating latency and energy bottlenecks for businesses.

    In July, Cloudian announced that it has extended its object storage system with a vector database that stores data in a form which is immediately usable by AI models. As the data are ingested, Cloudian is computing in real-time the vector form of that data to power AI tools like recommender engines, search, and AI assistants. Cloudian also announced a partnership with NVIDIA that allows its storage system to work directly with the AI company’s GPUs. Cloudian says the new system enables even faster AI operations and reduces computing costs.

    “NVIDIA contacted us about a year and a half ago because GPUs are useful only with data that keeps them busy,” Tso says. “Now that people are realizing it’s easier to move the AI to the data than it is to move huge datasets. Our storage systems embed a lot of AI functions, so we’re able to pre- and post-process data for AI near where we collect and store the data.”

    AI-first storage

    Cloudian is helping about 1,000 companies around the world get more value out of their data, including large manufacturers, financial service providers, health care organizations, and government agencies.

    Cloudian’s storage platform is helping one large automaker, for instance, use AI to determine when each of its manufacturing robots need to be serviced. Cloudian is also working with the National Library of Medicine to store research articles and patents, and the National Cancer Database to store DNA sequences of tumors — rich datasets that AI models could process to help research develop new treatments or gain new insights.

    “GPUs have been an incredible enabler,” Tso says. “Moore’s Law doubles the amount of compute every two years, but GPUs are able to parallelize operations on chips, so you can network GPUs together and shatter Moore’s Law. That scale is pushing AI to new levels of intelligence, but the only way to make GPUs work hard is to feed them data at the same speed that they compute — and the only way to do that is to get rid of all the layers between them and your data.”

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  • Trump says four candidates in running for Fed chair, rules out Bessent | Business and Economy News

    Trump says four candidates in running for Fed chair, rules out Bessent | Business and Economy News

    US president says the Treasury secretary wishes to stay in his current role.

    United States President Donald Trump has ruled out Secretary of the Treasury Scott Bessent as his pick to replace Federal Reserve Chair Jerome Powell.

    Trump, who has repeatedly criticised Powell for not moving faster to lower interest rates, said on Tuesday that Bessent wished to continue in his current role.

    “I love Scott, but he wants to stay where he is,” Trump said in an interview with CNBC, adding that Bessent was doing a “great job” and had told him as recently as Monday that he did not want the position.

    Trump said he had four candidates in mind to replace Powell, whose term expires in May, including Kevin Warsh, who formerly served on the Fed’s seven-member board of governors, and Kevin Hassett, the director of the White House National Economic Council.

    He said he could use the opportunity to replace Adriana D Kugler, who last week announced her early resignation as one of the seven governors, to put his pick for chair on the board in advance of Powell’s departure.

    “I’m going to make the decision soon,” Trump said.

    Trump’s repeated attacks on Powell, whom he has mockingly dubbed “too late”, have stoked concern about the US central bank maintaining its independence, which investors view as crucial to the health of the US economy.

    Following reports last month that Trump had asked Republican lawmakers whether he should fire the Fed chair, the benchmark S&P 500 tumbled 0.7 percent.

    US stocks swiftly recovered after Trump denied that he had any intention to remove Powell early.

    Under legislation and US Supreme Court precedent, the president may only remove the Fed chair “for cause”, widely interpreted to mean proof of corruption or malfeasance.

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  • Tokyo stocks rise in morning on robust earnings reports

    Tokyo stocks rise in morning on robust earnings reports






    This file photo shows the Tokyo Stock Exchange. (Mainichi)


    TOKYO (Kyodo) — Tokyo stocks rose Wednesday morning, as selling triggered by overnight Wall Street declines was more than offset by buying after robust earnings reports from some Japanese companies.


    The 225-issue Nikkei Stock Average gained 253.19 points, or 0.62 percent, from Tuesday to 40,802.73. The broader Topix index was up 33.01 points, or 1.12 percent, at 2,969.55.


    The U.S. dollar stayed mostly in the upper 147 yen zone in Tokyo amid a lack of new trading cues, dealers said.


    At noon, the dollar fetched 147.55-56 yen compared with 147.50-60 yen in New York and 147.36-38 yen in Tokyo at 5 p.m. Tuesday.


    The euro was quoted at $1.1570-1571 and 170.72-74 yen against $1.1570-1580 and 170.72-82 yen in New York and $1.1545-1547 and 170.13-17 yen in Tokyo late Tuesday afternoon.


    The Nikkei index was initially weighed down by chip shares after U.S. President Donald Trump said he will announce a levy on semiconductors in the “next week or so.” An earnings report from major U.S. chipmaker Advanced Micro Devices Inc. also fueled concern about the Chinese market, brokers said.


    However, the market was later supported by buying of real estate firm Mitsui Fudosan and others after they released strong quarterly earnings.

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  • Five lessons for businesses navigating tariffs and trade turmoil

    Five lessons for businesses navigating tariffs and trade turmoil

    There’s no shortage of experts telling firms to diversify their supply chains: “Move away from the US” or “develop a China+1 strategy.” Sure, that’s useful advice. But it’s not achievable for every business. In fact, it’s not achievable for most. It costs a mountain of money to find new suppliers, test products, and build relationships with manufacturers. Suggestions that firms can simply “diversify” are too simplistic. But that doesn’t mean firms should sit still. There’s plenty that can be done now that won’t break the bank.

    1. Know your exposures

    Why don’t you have to diversify your supply chains to understand your vulnerabilities? Map your suppliers, your markets, and your key inputs. Who do you rely on most? Which markets are most exposed to tariffs or trade disruptions?

    For instance, our TradePrism data shows Vietnam is a major importer of semiconductors, with much of that used in the manufacture of consumer goods headed for the US. If US-Vietnam tensions escalate, we could see part of this trade drop, denting Vietnamese demand for semiconductor inputs. As Vietnam’s major supplier of semiconductors, firms in Hong Kong, China, Korea, Singapore, Malaysia and Japan are exposed to the winds of upstream trade disputes.

    See how Oxford Economics can help you navigate the tariff changes

    Get in touch

    2. Identify opportunities

    Trade disruptions don’t just create losers; they can create openings. Where are competitors’ costs likely to rise? Does that create opportunities to enter new markets?

    If you’re an exporter, build relationships in those markets now. Even if you can’t shift volumes immediately, you’ll be better placed to pivot when the opportunity arises.

    Our detailed 4-digit HS code forecasts show where these growth areas are. For instance, chart 3 shows projected demand for lithium-ion batteries to 2050. Importantly, the bulk of that growth is expected to be driven by countries not currently in the top handful of importers.

    Why? Well, changing industry structures and economic growth mean economies like

    Vietnam, India and Poland will need more and more batteries – both as inputs into manufacturing and to power their economies. Being ahead of the curve in identifying these dynamics allows firms to make moves now, establishing ties in the economies with the fastest-growing demand. Don’t wait for others to get in first.

    If you’re an exporter, build relationships in those markets now. Even if you can’t shift volumes immediately, you’ll be better placed to pivot when the opportunity arises.
    Our detailed 4-digit HS code forecasts show where these growth areas are. For instance, chart 3 shows projected demand for lithium-ion batteries to 2050. Importantly, the bulk of that growth is expected to be driven by countries not currently in the top handful of importers.

    3. Rethink competitive dynamics

    Today’s best deal may not be tomorrow’s. Tariffs flip competitiveness on its head. Suppliers you’ve long assumed were the cheapest may suddenly be undercut by competitors from lower-tariff markets. Conversely, suppliers in the direct line of fire may be forced to discount heavily to hold onto business. This could create opportunities to switch suppliers and lock in lower input costs.

    Take electrical transformers, for example. Chart 4 shows the change in export prices for the three largest exporters of electrical transformers. Two of them – China and Mexico – are in the crosshairs for President Trump’s tariffs. As US demand dries up, manufacturers in these economies will need to cut prices to stay competitive and break into new markets. Meanwhile, German export prices are more insulated, aided by relatively lower US tariffs; still, the 10% duty on EU exports is enough to see prices effectively flatline this year. As import tariffs on Mexico come down through the second half of 2026, growth in electrical transformer export prices will outpace those from China; we expect US tariffs on imports from China to stay elevated indefinitely.

    Electrical transformers are key inputs into the manufacture of battery systems, consumer electronics, computers and industrial equipment. Finding cheaper suppliers can save manufacturers of these types of goods a pretty penny.

    These types of price dynamics play out across the entire trade map. But the shifts are not linear. For goods which China has a larger market share, prices are stickier. For instance, China accounts for more than half the world’s export of elastic fabrics (think spandex and Lycra). Given China’s dominance (and the world’s lack of alternative suppliers), prices are still able to rise this year and next, despite tariffs. In contrast, China is only a minor player in the roof tile exports, meaning US buyers have more options to find cheaper suppliers. As buyers look elsewhere, prices are expected to fall more than 10% this year.

    4. Leverage trade agreements

    While the US raises barriers, other countries are opening doors. In July, the UK and India struck a wide-ranging trade deal. India is also negotiating with the EU and Australia on expanded deals expected to be signed later this year.

    These agreements can lower supplier costs and open new markets for your products. Do the work to understand how your business can benefit. Would a new agreement make it cheaper to source from a particular country? Could it help you reach customers you couldn’t before?.

    5. There are certainties in uncertain times

    Uncertainty can be paralysing, but some outcomes are predictable. Tariffs are inflationary for the economy that imposes them. So are big spending programs like Trump’s One Big Beautiful Bill. That means higher inflation and elevated interest rates in the US this year.

    Another certainty? Markets seek safe havens during chaos. Usually, that’s the US dollar. But with political interference in key US institutions – from the Federal Reserve to the Bureau of Labour Statistics – investors are looking elsewhere. That will likely push the greenback lower over time.

    Sticky US rates and a softer US dollar can create opportunities to hedge currency exposures and take advantage of interest rate differentials.

    Our forecasts are rooted in economics, helping businesses identify opportunities and risks beyond just trade.

    The bottom line

    The global trade environment is volatile and politically charged. But businesses don’t have to be paralysed.

    By knowing your exposures, scanning for opportunities, reassessing competitive dynamics, leveraging trade agreements, and acting on economic certainties, firms can move decisively – even when the world is turbulent.

    For the latest reports on trade and tariffs, please visit our topic page.

    Join our upcoming webinar to stay updated on the evolving landscape of US trade policy and get your questions answered by industry experts.

    Want to deepen your understanding of how trade tariffs and HS codes impact global trade? Read our comprehensive guide here.

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