Reeves squeezed by Trump
The Times covers the full-blown trade war being triggered by Donald Trump. The paper reports on the OBR’s warning of the impact tariffs could have should Trump go through with the threat. Trump reportedly plans to introduce tariffs of up to 20% on UK exports to the US on Tuesday, a day which he has called “liberation day”.
The Times notes the OBR said this level of tariff would wipe 0.6% off economic growth by 2026, rising to 1% if the UK retaliated with its own tariffs on US goods.