US tariffs squeeze game-industry finances, survey shows
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Toy industry braces for Supreme Court tariff ruling
US toy manufacturers and importers remain jittery as a Supreme Court decision on large-scale import duties could change costs and legal exposure. A recent cross‑sector industry survey of about 200 executives found roughly four in ten firms reporting tangible tariff impacts, underscoring that the levies are already an operational factor for many consumer-goods companies.
Canada finance minister warns US tariffs likely to stay
Canada's finance minister says a baseline US tariff regime is now probable, with a newly announced 10% global levy and a temporary statutory cap of 15% . The shift — amplified by US warnings over a separate Canada‑China tariff compact — raises immediate export cost risks for sectors that send roughly 75% of output to the US and accelerates Ottawa's push to diversify markets.

EIB: EU Firms Absorb U.S. Tariffs but Stumble Inside Single Market
An EIB survey of roughly 13,000 firms finds exporters largely managing the new 15% U.S. import tariff , yet 62% report friction selling across EU borders; removing internal barriers could lift investment intensity by about 10% .
Tariffs, Resilience and Risk: Why U.S. Growth Has So Far Weathered Heavy Import Levies
A year after steep import duties were rolled out, growth has continued instead of collapsing as many forecast; negotiated rollbacks, exemptions and adaptive behavior from firms and foreign suppliers muted the immediate hit. Yet fresh data — including a sharp November swing in the goods deficit and accelerated rerouting of supply chains — underline that the resilience is conditional and could give way to higher prices, margin pressure and a more fragmented global trade landscape.

UK Faces Largest Tariff Shock After U.S. Ruling
A U.S. Supreme Court decision narrowed the executive's emergency tariff authority, removing a route that had left the UK on a lower reciprocal schedule and exposing British importers to an effective move toward a 15% baseline. The ruling produces an immediate UK-centered cost shock, but legal and administrative wrinkles — other statutory routes and large customs receipts — mean the final tariff landscape will remain contested and politically fraught.

ECB’s Panetta: Tariffs Have Hit the US Hardest
ECB Governing Council member Fabio Panetta says recent U.S. tariffs shifted most of the economic cost onto American shoulders — with foreign exporters absorbing a small share (~10%) and consumers and firms shouldering the bulk — a pattern that raises near‑term inflationary pressure in some places while depressing demand in others, complicating central-bank trade‑offs.

Trump-era tariff shock reshaped global trade — what comes next
A recent court decision removed one statutory route the White House used to impose targeted emergency tariffs, trimming a subset of the additional levies that followed 2024 policy moves. But sizeable remaining duties, large fiscal receipts and unresolved legal and operational questions mean higher-than-normal import costs and continued trade volatility for businesses and partners.

Trump Tariffs Strain Canadian Steel Firms
A sudden 25% U.S. steel tariff — initially imposed under 2018 emergency trade powers — landed on a southern Ontario mill days after it changed hands, producing acute cash‑flow pressure and production delays. Subsequent policy waves and legal pivots (including later headline levies of roughly 10% with effective stacking to ~15% under statute-based routes) have prolonged uncertainty, demonstrating how differing legal tools and timing amplify microeconomic stress for small cross‑border manufacturers.