Cliff Notes Sir Keir Starmer and Donald Trump held discussions about ongoing negotiations for a UK-US economic prosperity deal, with plans to expedite talks this…
Browsing: US tariffs
Economic growth in doubt – Rachel Reeves’ Spring Statement, several newspapers highlight the OBR’s warning that the Chancellor’s plans for economic growth could be wiped out by the global trade war as Donald Trump continues to issue further tariff threats.
The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28.
Spring Statement 2025 reaction – Thursday’s headlines are reacting to yesterday’s Spring Statement delivered by the chancellor.
Chancellor Rachel Reeves announced significant measures to address the UK’s economic challenges. Key points include a £14 billion plan involving cuts to welfare payments (£4.8 billion) and departmental spending (£3.6 billion) to fix public finances. The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28. Additionally, a £3.25 billion Transformation Fund was introduced to drive efficiencies across government departments.
Following the chancellor’s update on the economy, Donald Trump announced new import taxes of 25% on cars and car parts coming into America in a move that threatened to widen the global trade war.
President Trump has announced a 25% tariff on all imported cars, set to begin on 2 April, which he terms “liberation day.”
Donald Trump threatens 200% tariff on alcohol from EU if they don’t immediately remove the whiskey tariff in the latest escalation in the trade war.
EU and Canada announce retaliatory tariffs after Donald Trump moved forward with plans to widen US tariffs on Steel and aluminium.
Two stories dominate Wednesday’s front pages: the latest from Ukraine and the sentencing of Kyle Clifford.
Many of the tabloids choose to focus on Clifford, who was handed three life sentences with whole orders for the murder of his ex-partner, her sister and her mother. He was also found guilty of raping his ex-partner. The sentence means he’ll never be released from prison. The women were the wives and daughters of BBC horse racing commentator John Hunt, whose victim impact statement is quoted in many headlines this morning.
Manchester United’s new £2bn stadium is discussed on the front and back pages, as is Liverpool’s exit from the Champions League.
On the international front, a Ukraine- Russia ceasefire is on the table, awaiting Russia’s agreement, after peace talks involving the US in Saudi Arabia.
Trump’s ongoing tariff war with Canada also makes the front pages after he announced a 50% tariff on Canadian steel and aluminium. Trump’s announcements, which he’s since backtracked on, saw metal prices rise and the stock markets fall.
Cliff notes Global Stock Markets Slide as Trump’s Tariff Threats Shake Investor Confidence
Cliff Notes – China launches tariffs on US Tariff Implementation: China launches tariffs on US and target the US military and initiated new tariffs on…
President Donald Trump has announced a temporary pause on some of the tariffs placed on Mexican and Canadian imports, delaying them until next month.
Canadians are being advised to buy Canadian-made goods as a response to Trump’s 25% tariffs on Canadian goods. Whiskey maker fires back after Canada pulls…
U.S. President Donald Trump Trump is pausing tariffs on some Canadian until April 2, potentially providing a much-needed relief to Canada’s Economy. It only applies…
When the United States signed a free-trade agreement with Canada and Mexico over 30 years ago, it was under the premise that collaboration with these…
Good Morning, USA! Much of the biggest news across the USA today is looking at the US tariffs on Canada, Mexico and China, the retalitory…
Good Morning! As the sun begins to rise in Geneva, let’s catch you up with today’s biggest news. Globally, the ongoing bust-up between the US…
Stock markets fall after US tariffs spark trade war fears Global stock markets have fallen following the start of US tariffs on goods entering the…
Good Morning! It’s a pleasant day weather-wise in Berlin, with the sun peeking through as Europe transitions from winter to spring. Politics continues to lead…
Mexico sought to avoid US President Donald Trump’s sweeping tariffs by agreeing to a “series of coordinated actions” on Thursday centering fentanyl smuggling. Mexico agreed…
Trump’s threat of 25% tariffs on EU goods heightens fears over trade war The FT reports Donald Trump has threatened to slap 25 per cent…
Will Starmer be able to stand up to Trump and his aggressive MAGA strategy that is using a sledgehammer to negotiate. MAGA is motivated by…
Trump’s tariffs on steel have provoked panic that his administration could soon go after other products Starmer urged to spell out plan to fight Trump’s…
Breaking – China announces retaliatory action as Trump tariffs take effect China has responded with retaliatory measures following the implementation of tariffs by US President…
Trump threatens BRICS with tariffs if they replace US dollar. The US President did not hold back and threatened BRICS member states with 100% tariffs…
The US has cancelled planned tariffs on Colombian goods after Colombia agreed to accept deported migrants without restrictions, the White House announced.