Day: July 9, 2025

US imports in July are expected to hit their highest level in at least the past 18 months and their peak for 2025, driven by the Aug. 1 extension granted by the Trump administration before the implementation of so-called reciprocal tariffs on a host of US trading partners, a major retail group said Wednesday. But

LONDON, July 10 (Reuters) – The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday. The Red Sea is a critical waterway for oil and commodities