Get on a plane and engage with emerging economies April 7, 2025 At a time of global uncertainty, it’s time to look beyond our traditional trading partners and Britain is uniquely placed to engage with the Commonwealth, says Alastair King Spanning 56 nations across Africa, the Americas, Asia, Europe and Oceania, the Commonwealth is a unique and unrivalled patchwork of skills, innovation and knowledge. The City of [...]
Global markets nose-dive as Trump’s tariff on UK products comes into effect April 5, 2025 Donald Trump’s 10 per cent tariff on UK products has officially come into force, with global stock markets plunging deeper into the red in response to the imposition of import taxes. Prime Minister Sir Keir Starmer is expected to spend the weekend speaking to foreign leaders about the tariffs, after calls with the prime ministers [...]
FTSE 100 plunges as global trade war ramps up April 4, 2025 The FTSE 100 nosedived today after China announced a 34 per cent retaliatory tariff against the US. Trump’s ‘Liberation Day’ assault has continued to linger over markets, with the UK’s flagship index closing on a 4.9 per cent loss at 8,063.12. This was the FTSE 100’s biggest loss since the beginning of the pandemic on [...]
Rolls-Royce: FTSE 100 giant sees shares crash as global trade war revs up April 4, 2025 Shares in FTSE giant Rolls-Royce sank as much as 10 per cent on Friday after fears of a global trade war exploded. Global markets tumbled after China announced a 34 per cent retaliatory tariff against the US. Rolls-Royce, which is a prominent exporter of aircraft and marine engines and power systems, saw its stock price [...]
UK to consult on ‘retaliatory tariffs’ as Tories call for employment reforms to be scrapped April 3, 2025 The UK will consult businesses on “possible retaliatory action’ including on US products that could face tariffs, in response to Donald Trump’s sweeping global import taxes. Jonathan Reynolds made the announcement to MPs in the House of Commons, stating: “To enable the UK to have every option open to us in the future, I am [...]
Week in Business: Will Donald Trump’s trade war blow up the UK economy? April 3, 2025 Liberation Day, Independence Day, the greatest day in American history? Or the end of the global economic order and the start of a dangerous new world? In the end it was classic Trump, sometimes reading from an autocue as if for the first time, sometimes veering off script in erratic directions, calling out supporters in [...]
Diageo: Share price rises as investors breathe a sign of relief April 3, 2025 Diageo’s share price rose more than two per cent as investors digested US President Donald Trump’s announcement on tariffs. Trump imposed a sweeping 20 per cent tariff on all EU goods going into the US on 3 April, but only a 10 per cent tariff on UK goods. “The UK is a relative winner from [...]
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 [...]
US tariffs set to damage UK economy, Reeves tells cabinet ministers April 1, 2025 Donald Trump’s tariffs are expected to “have an impact” on the UK’s economy, Chancellor Rachel Reeves has told cabinet ministers, after business secretary Jonathan Reynolds warned the country faces “a very serious and significant moment”. The US President is set to unveil sweeping – but as yet unknown – tariffs on goods from around the [...]
US tariffs: Businesses don’t want ‘knee jerk’ response, Starmer insists April 1, 2025 Sir Keir Starmer has insisted UK businesses want a “calm and collected response” to Donald Trump’s tariffs, “not a knee-jerk” reaction. The Prime Minister sought to offer calm, as he suggested the UK could retaliate with tariffs on US goods in return, but insisted that “nobody wants a trade war”. Speaking to Sky News, Starmer [...]