“They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government,” Trump says.
Browsing: US tariffs
“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.
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.
Sir Keir Starmer confirmed that US-UK trade discussions are “well advanced” but anticipated incoming tariffs from Donald Trump, asserting the need for a careful response rather than immediate action.
Tuesday’s UK headlines are dominated by international stories with a sprinkling of domestic politics and royal stories.
France’s far-right leader Marine Le Pen has expressed her outrage at being banned from running for public office for five years after being found guilty by a French court of embezzling EU funds. The UK media are assessing what this means for France’s far-right, noting that it’s unlikely to stop the rise, and questions linger from the public figures, including Elon Musk, over how much the outcome was politically motivated.
Tariffs dominate much of the global news today, ahead of Wednesday’s ‘liberation day’ (according to Donald Trump). US tariffs are set to hit every nation tomorrow; the stock markets are in panic, and Britain failed to secure a trade deal before the tariffs.
Prince Harry and Prince Andrew are in the news as Harry’s charity row rumbles on and Andrew’s accuser has been involved in a serious car accident and says she has four days to live.
The UK government had been holding out hope for a “UK-US economic prosperity deal” that would protect British exports from the tariffs
The US President suggested his next round of tariff announcements, expected on Wednesday, will hit all countries, rather than just those who sell more goods to the US than they buy.
Prince Harry has been accused of bullying and harassment by the chairperson of the charity Sentebale, which Harry co-founded. Dr Sophie Chandauka gave an interview over the weekend where she said since Harry’s Netflix deal interfered with a planned Sentebale fundraiser and an incident with Harry’s wife Meghan became a source of friction. Chandauka says Harry – and the board who all resigned – are trying to force her out.
The global stock markets have reacted to Trump’s comments over the weekend as he is set to announce a raft of new tariffs that will affect every country. Asian markets have fallen, and European markets opened down.
Expect much of this week’s news to be dominated by the US President as his new tariffs are set to hit this Wednesday, he’s announced he might consider a third term as president (despite US law only allowing for two) and he’s told Russian president Putin he has to agree to a ceasefire in a month or face more tariffs.
Stock markets in Asia and Europe have declined sharply as the 2 April implementation of US tariffs on imports approaches, with Japan’s Nikkei index dropping nearly 4% and the UK’s FTSE 100 reaching a two-week low.
Sir Keir Starmer and Donald Trump held discussions about ongoing negotiations for a UK-US economic prosperity deal, with plans to expedite talks this week.
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