Tuesday newspaper round-up: Trump tariffs, TikTok, Barbour family

(Sharecast News) - A new cargo and passenger ferry service directly linking Scotland and France could launch later this year as the port of Dunkirk embarks on a €40bn (£35bn) regeneration programme it claims will mirror the second world war resilience for which it is famed. The plans could include a new service between Rosyth in Fife and Dunkirk, eight years after the last freight ferries linked Scotland to mainland Europe, and 16 years after passenger services stopped. - Guardian Donald Trump has said he is raising tariffs on South Korean goods including automobiles, lumber and pharmaceuticals, accusing the country of not living up to a trade deal struck last year and briefly sending shares in Korean carmakers tumbling. In a post on social media, the US president said the tariffs paid on South Korean exports into America would rise from 15% to 25% because the "Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative". - Guardian

TikTok has suffered a mass blackout in the US days after the app was transferred to new American owners under a deal orchestrated by Donald Trump. Thousands of TikTok users claim to have experienced problems with the site since Sunday, with their latest videos stuck at zero views or not posted at all. - Telegraph

Water and energy companies will face penalties for ripping up London's streets after a surge in roadworks worsened congestion across the capital. Under plans put forward by Transport for London (TfL), utility firms will be charged for excavating roads and disrupting traffic during rush hour in a bid to minimise the impact on journey times. - Telegraph

The Barbour family is to pay itself a £30 million dividend after a fashion-led revival of waxed jackets helped lift annual profits at the heritage outerwear group. J Barbour & Sons, founded in 1894, has enjoyed a resurgence in recent years as waxed jackets returned to fashion, with several clothing brands selling variations on the classic style last year. Barbour's renewed popularity has been driven in part by tie-ups with luxury labels, models and musicians, broadening its appeal among younger shoppers. - The Times

Artificial intelligence is costing more jobs than it is creating in the UK, which is getting left behind in the latest technology arms race. Research from Morgan Stanley, the Wall Street investment bank, found that the introduction of AI led to a net 8 per cent reduction in roles over the past 12 months, double the average reported by companies in America, Germany, Japan and Australia. - The Times