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.
Browsing: US tariffs
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
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…
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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…