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UK expects to be hit by US tariffs this week, PM's spokesman says

  • U.S. President Donald Trump intends to impose tariffs on imports, which he called 'Liberation Day' on Wednesday.
  • Market fluctuations occurred with the S&P 500 down 0.6 percent and the Nasdaq composite down 1.6 percent amidst tariff uncertainty.
  • Trump's recent actions include imposing 25 percent tariffs on steel and aluminum imports, as well as proposing tariffs on automobiles and parts.
  • Democrat Senator Tim Kaine plans to challenge Trump's use of emergency powers related to tariffs, claiming that he is using tariffs for personal tax benefits.
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Brexit Carnage broke the news in on Monday, March 31, 2025.
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