Trump announces fresh wave of US tariffs – Almost all of Thursday’s headlines are dissecting the tariffs announced by the US president yesterday. The UK was hit with a baseline 10% tariff, whilst the EU (who are preparing to retaliate) were hit with a 20% levy – some countries fared even worse with fees as high as 40%.
The UK newspapers generally express relief that the tariffs were not as bad for the UK as expected, with right-leaning media highlighting Brexit’s role in saving Britain from the 20% levy for the EU. The tariffs are set to come into effect on Saturday, with some headlines reporting there is still wiggle room for a deal to be carved out between the UK and US before the tax comes into effect.
Author: WTX News Editor
Thursday’s headlines are, of course, dominated by yesterday’s news that the US will introduce a baseline 10% tariff on the world, including the UK and other countries, and are facing far higher tariffs, including the EU being hit with a 20% levy.
The headlines are in general agreement that the UK being hit with the baseline tariff is far less severe than what was expected, and there could be some wiggle room as the tariffs don’t come into effect on Saturday.
Cliff Notes President Trump has implemented a 10% baseline tariff on imports from all nations, with higher tariffs on specific countries identified as "worst offenders," including 34% on China and 20% on the EU. The declaration of a national emergency allows Trump to regulate imports without negotiation, impacting countries like Canada and those in Southeast Asia, which face steep tariffs. The tariffs are expected to have significant repercussions for trade relations, particularly impacting China’s Economy…
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“There’s no tariff if you build your product right here in America,” Trump says. Trump says build in America if you want to avoid tariffs Trump says that companies that build their products in the US will pay zero tariffs. “There’s no tariff if you build your product right here in America,” Trump says. The president says “soon” he will be getting calls from kings, queens and ambassadors looking for tariff exemptions. His message to…
Trump announces minimum 10% baseline tariff on all countries Trump has just announced a “minimum baseline tariff” of 10% on other countries to “help rebuild” the US economy.
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