President Donald Trump announced a new wave of tariffs targeting drugs, trucks, and kitchen cabinets, citing the need to protect US manufacturers from foreign "FLOODING" of these products.

• A 100% levy will be imposed on branded or patented drug imports from October 1, unless companies build factories in the US.
• The new tariffs also include a 25% import tax on all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets.
• The US Chamber of Commerce previously urged against new tariffs, highlighting concerns over supply chains and rising costs.

The Kenya Private Sector Alliance (KEPSA) is urging the United States to renew the African Growth and Opportunity Act (AGOA) for 16 years, warning that failure to do so could jeopardize jobs and investment in both nations. If renewal is not secured, KEPSA proposes a two-year transition period for Kenya to negotiate a bilateral trade agreement.

• Kenya exported $470 million worth of apparel to the U.S. in 2024, supporting 66,800 direct jobs.
• KEPSA CEO Carole Kariuki emphasized AGOA's role as the most effective U.S. policy tool in Africa over the last 25 years.
• KEPSA estimates nearly 800,000 livelihoods depend on AGOA-linked exports, while the U.S. benefits from $200–250 million in consumer savings annually.

Bosch announced it will cut 13,000 jobs, primarily within its mobility division in Germany, as part of a strategy to save €2.5 billion (£2.06 billion). This decision stems from a stagnant market, increased competition from companies like Tesla and BYD, and higher operational costs, including those attributed to former US president Donald Trump's tariffs.

• Bosch aims to save €2.5 billion (£2.06 billion) due to a significant "cost gap" in its auto business.
• The job cuts will affect various roles in administration, sales, development, and production across multiple German locations.
• No jobs in the UK will be immediately impacted, though Bosch will continuously assess operations based on market demands.