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.
78 Articles
78 Articles
Inside last-minute scramble to save UK from Trump’s tariffs - and why it failed
Questioned about the looming trade war less than a fortnight ago, Rachel Reeves sounded upbeat about the chances of Britain dodging the brunt of the damage.Pointing to a promise by Sir Keir Starmer to get an economic deal with Donald Trump when the two men met at the White House, the Chancellor said: “Our economies are closely intertwined, and now we are working with our partners and friends in the US in their administration to try and get that …
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