Prime Minister Sir Keir Starmer has ordered an “economic reset” in response to Donald Trump’s tariff “blitz,” according to the Observer. Quoting allies of the PM, the paper suggests taxes may rise again or the “ironclad” fiscal rules may be bent to allow more borrowing to boost economic growth – as a recession looms. The...
Joshua Nevett Political reporter Getty Images Fish is the main good exported by the Falkland Islands The Falkland Islands was surprised to be hit by one of the most punishing tariff rates on US President Donald Trump’s “worst offenders” list, a member of the Falklands parliament has told the BBC. The British overseas territory is...
Most papers on Friday morning are splitting their front pages between updates on Donald Trump’s “tariff turmoil” that’s wiped “trillions off global stock markets” and the latest in the Duke of Sussex’s charity row. Dozens of downward sloping charts on the front page of the Guardian illustrate the hit financial markets took after Trump announced...
One country that did not feature on Donald Trump’s list of tariffs on US trade partners was Russia. US outlet Axios quoted White House Press Secretary Karoline Leavitt as saying this was because existing US sanctions on Russia “preclude any meaningful trade” and noting that Cuba, Belarus and North Korea were also not included. However,...
I detect a reasonable sprinkle of the jitters in government as the world waits for US President Donald Trump’s tariffs announcement later. It is the single most globally consequential day so far of the president’s second term. Foreign Secretary David Lammy said the UK must “prepare for the worst” and there is every expectation in...
Ana Faguy & Brandon Drennon BBC News, Washington DC Watch: US drivers react to Trump’s new auto tariff For two years, Jeannie Dillard has saved what she can on her fixed income to replace the vehicle that was stolen from her home and found totalled a few miles away. She looked around a used car...
On Thursday morning, President Donald Trump announced that he is planning to impose a 200 percent tariff on European countries’ alcoholic products sold to the U.S., responding to a much smaller tariff imposed by the European Union (EU) that was itself was in response to tariffs by Trump earlier this month. The EU announced on...