FTSE 100 pharma giants GSK and Astrazeneca appear to swerve Trump tariffs April 3, 2025 FTSE 100 pharma giants GSK and Astrazeneca may have escaped the worst of US President Donald Trump’s tariffs, according to a City broker. Pharmaceutical goods appear to be exempt from higher-rate tariffs introduced by President Trump in his Rose Garden ‘Liberation Day’ address on Wednesday, but there is still uncertainty about the impact on the [...]
US tariffs: Keir Starmer vows to ‘keep cool head’ in face of ‘economic impact’ April 3, 2025 Sir Keir Starmer has vowed to “keep a cool head” in the face of the “economic impact” of Donald Trump’s 10 per cent tariffs on UK exports to the US, amid fears of a wider trade war. The Prime Minister spoke to business chiefs in Downing Street this morning in the wake of sweeping global [...]
Chapel Down expands into America with distribution deal April 3, 2025 Chapel Down has announced a new agreement with Jackson Family Wines for the distribution of its sparkling wine in the USA. It is unclear how the deal will be affected by Trump’s 10 per cent tariff on all goods going into America. The distribution agreement for wine in the USA – Chapel Down’s “largest potential export [...]
US tariffs: UK in ‘better position’ than some but still ‘a challenge’ – Reynolds April 3, 2025 The UK is in a “better position than a lot of other countries” after Donald Trump imposed a 10 per cent rate of tariffs on exports to the US, Jonathan Reynolds has said. The US President imposed a rate of 20 per cent on the European Union (EU), 24 per cent on Japan and 34 [...]
Trump confirms 10 per cent tariffs to hit UK exports in huge economic blow April 2, 2025 Donald Trump has confirmed the UK will be hit by 10 per cent tariffs on exports to the US, in a major blow to Britain’s economic growth. The US President confirmed the measure in a provocative and bombastic statement in the White House Rose Garden on Wednesday at just after 9pm UK time. The European [...]
Rachel Reeves: UK will not ‘rush into action’ after Trump’s tariffs speech April 2, 2025 Chancellor Rachel Reeves has indicated that the UK is unlikely to respond quickly to President Trump should he impose damaging tariffs on goods coming from Britain. In a hearing at the Treasury Committee on Wednesday, Reeves said the UK would not “rush into action to get a quick headline”. “The prize on offer is a [...]
FTSE 100 close: ‘Trouble ahead’ as markets brace for Trump’s ‘Liberation Day’ April 2, 2025 The FTSE 100 joined European markets back in the red on Wednesday, as investors braced for Trump’s forthcoming tariff announcement. The UK’s flagship index closed at 8,608.48p, marking a 0.3 per cent dip. Rolls-Royce lost over three per cent, making it the index’s top faller. Vodafone and GSK also saw losses of around 2.5 per [...]
Investment industry shuns US stocks amid Trump tariff threat April 2, 2025 Investors are finally pulling back from US stocks amid uncertainty over president Donald Trump’s looming tariffs and potential for better gains in Europe and the UK. A survey of investment management CIOs from Asset Risk Consultants (ARC) found that a third of wealth managers slashed exposure to the US throughout the last quarter. Sentiment among [...]
LIVE: Investors brace for Trump’s ‘liberation day’ April 2, 2025 The world is bracing for Trump’s ‘Liberation day,’ with the President set to impose a fresh batch of tariffs on nations across the globe this evening. Trump will speak from the White House Rose Garden at 16:00 (21:00 BST) to unveil his new set of levies. The President’s Press Secretary Karoline Leavitt said the tariffs [...]
US tariffs: UK being ‘supine’ and should ‘retaliate’, Lord Rose urges government April 2, 2025 The UK has been “supine” to US President Donald Trump and should be “firm” and “find some way to retaliate”, Lord Rose has said. The businessman and former boss of M&S and Asda told Times Radio the government has been “supine” to President Trump and should be “firm” in threatening retaliatory tariffs. He said it’s [...]