Month: October 2025

EconomyTrade

U.S. Tariffs on Indian Goods Disrupt Diwali Celebrations and Small Business Economies

New 50% tariffs on Indian imports have dramatically increased prices for traditional Diwali items from saris to gold jewelry. Small business owners in Indian-American communities report sales declines up to 70% during what’s typically their busiest season, with broader implications for U.S.-India economic relations.

Tariffs Transform Diwali Celebrations and Business Realities

The festive spirit of Diwali, traditionally marked by vibrant celebrations in Indian-American communities across the United States, has been significantly subdued this year, according to reports. Sources indicate that 50% tariffs imposed on goods imported from India in late August have caused prices to skyrocket on everything from traditional clothing to festive foods and gold jewelry.

by Priya Kapoor
Business

Macy’s Revival Strategy Shows Early Promise as New CEO Overhauls Historic Retailer

Under new leadership, Macy’s is embracing fundamental retail principles to reverse years of declining sales. The company’s focus on enhanced staffing, visual merchandising, and cultural transformation shows early signs of success amid challenging retail conditions.

Macy’s Strategic Transformation Underway

Macy’s new chief executive officer Tony Spring is implementing a comprehensive turnaround strategy for the 167-year-old department store chain, according to recent reports. After taking leadership in early 2024, Spring has shifted the company away from what he described as denial about its problems and toward embracing fundamental retail improvements.

by Priya Kapoor
PolicyTrade

UK Shellfish Exports Face French Border Hurdles Despite Post-Brexit Reset Agreement

A major UK shellfish company reports significant financial losses after French customs officials rejected multiple shipments. The rejections come despite a recently announced UK-EU “reset” agreement aimed at reducing trade barriers. Industry representatives describe border enforcement as inconsistent and politically motivated.

British Shellfish Exporter Suffers Major Losses

One of Britain’s largest mussel exporters has reportedly lost approximately £150,000 after French customs officials rejected three shipments in recent weeks, according to industry reports. Devon-based Offshore Shellfish, a family-run business, has continued exporting to European markets despite the increased administrative burden following Brexit, but now faces what company leadership calls “subjective and inconsistent” border enforcement.

by Priya Kapoor
PolicyTrade

Chinese Wind Power Giant Proposes Major Scottish Manufacturing Hub Amid European Expansion

Chinese wind turbine manufacturer Ming Yang is reportedly planning a major Scottish manufacturing facility that could bring £1.5 billion in investment and up to 3,000 jobs. The proposal comes as China accelerates its offshore wind capacity while European manufacturers face increasing competition.

Major Chinese Wind Investment Proposed for Scottish Coast

A significant renewable energy manufacturing proposal from Chinese industrial giant Ming Yang is generating both excitement and scrutiny across Scottish political and business circles, according to reports. The company, which has emerged as a dominant player in China’s rapid offshore wind expansion, is reportedly planning a factory that would produce massive turbine components for the European market along the Moray Firth.

by Priya Kapoor