The White House has said it will impose what they call reciprocal tariffs on roughly 60 of the “worst offenders”.
Browsing: US tariffs
The UK is amongst some countries facing a baseline tariff of 10%
Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.
Donald Trump has implemented a 10% baseline tariff on all imports, with many trading partners facing significantly higher rates, prompting widespread global concern and backlash.
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.
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.
“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 announces minimum 10% baseline tariff on all countries Trump has just announced a “minimum baseline tariff” of 10% on other countries to “help rebuild”…
Trump is now holding up a large chart showing a table titled “Reciprocal Tariffs”, which compares tariffs imposed by other countries on the US versus Washington’s own levies.
“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.
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.