Browsing: US tariffs

“They’ve taken so much of our wealth away from us,” he says. “We’re not going to let that happen.”

“They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government,” Trump says.

“That’s why effective at midnight we will impose a 25% tariff on all foreign made automobiles,” Trump says.

The world’s major economies vow retaliation against US tariffs set to be introduced today (21:00 BST).

A look at the market jitters ahead of the new round of US tariffs – with US media speculating it is set to be a blanket 20% tariff on all non-American goods.

Volkswagen and BMW have reported booming sales in the United States as Donald Trump is set to announce a new wave of US tariffs on non-American goods.

“Let me be clear with the House [of Commons], a trade war is in nobody’s interests and the country deserves — and we will take — a calm, pragmatic approach.”

Almost all the UK front pages are dominated by the announcement of the latest US tariffs. The US media started reporting yesterday that a blanket 20% tariff on all non-American goods is set to be introduced. 

Much of the UK media is speculating on how the tariffs will impact the UK economy and the prime minister’s attempts to secure a last-minute deal. 

An analysis of the Cold War’s economic impact revealed that the “Iron Curtain” represented a tariff equivalent of 48%, suggesting serious trade restrictions may arise amid current geopolitical tensions.

Politics is dominating the news in the United States – and around the world – with Donald Trump’s latest tariffs set to be announced tomorrow, the markets reaction to the impending tariffs and talks of Trump seeking a third term.

Trump is set to announce new tariffs on imports, including a 25% tax on foreign cars. The move aims to boost U.S. manufacturing but may raise prices and strain trade relations. The UK and other countries are expected to respond with their own tariffs.

Trump recently suggested the possibility of seeking a third term in office, despite the clear prohibition outlined in the 22nd Amendment of the U.S. Constitution, which limits presidents to two terms. In a recent interview, Trump stated he was “not joking” about exploring “methods” to remain in power beyond his current term. ​