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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Britain Should Increase Pension Contributions to Address Gender Savings Gap

A report from pensions consultant Mercer has recommended that Britain increase the minimum contributions to pension pots to address the significant retirement savings gap between men and women. The proposal suggests raising the "auto enrolment" contribution rate from 8% to 12%, potentially adding £10 billion annually to pension savings. This comes as the new Labour government undertakes a review of the pensions industry to enhance investment in productive assets like infrastructure and green technology.

Key Takeaways:

  1. Proposed Increase in Pension Contributions: Mercer advises gradually raising the minimum pension contribution rate from 8% to 12%, which could significantly boost retirement savings and help close the gender savings gap.

  2. Addressing the Gender Savings Gap: The current disparity sees women retiring with significantly lower pension savings than men, attributed to career breaks and part-time work. The proposed increase aims to mitigate this gap.

  3. Focus on Private Market Investment: As Britain faces financial constraints, the proposal also highlights the importance of private market investments. The Mansion House Compact, which includes leading pension and insurance companies, has committed to increasing investments in unlisted companies, signaling a shift towards more ambitious investment strategies.

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