Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
Trump-Starmer: UK may dodge tariffs as work to begin on new US trade deal February 27, 2025 The UK could be set to dodge US tariffs with work to begin on a new US-UK trade deal, it was revealed during Sir Keir Starmer’s visit to US President Donald Trump. The Prime Minister flew to the States yesterday for a highly anticipated first meeting with President Trump since he reentered the White House [...]
Trump-Starmer meeting: Five things to look out for February 27, 2025 Prime Minister Sir Keir Starmer is set to meet Donald Trump this evening for the first time since the US President re-entered the White House in January. Thanks to the US-UK so-called ‘special relationship’, meetings between the two nations’ leaders always have resonance. But amid the current international context, including Trump’s own comments about Russia’s [...]
Donald Trump announces 25 per cent tariffs on EU imports February 26, 2025 Donald Trump has announced he plans to slap 25 per cent tariffs on imports from the European Union (EU) into the US. The US President slammed the European trading bloc, claiming it was set up to “screw” America, and had “done a good job of it but now I am President”. His comments came as [...]
Reynolds sorry for calling himself solicitor but denies ‘misrepresentating’ February 25, 2025 Jonathan Reynolds has apologised for describing himself as a solicitor in Parliament, but has insisted he was not “misrepresenting myself professionally”. The business secretary has been accused of claiming to have been a solicitor, despite only ever being a trainee, before becoming an MP, including in a 2014 speech in the House of Commons, on [...]
Pound sterling rises to highest level this year as markets digest ‘mind-blowing’ tariff plans February 14, 2025 Sterling was trading at $1.26 on Friday afternoon, up 0.3 per cent on the day and its highest level so far in 2025.
UK economy could face £24bn blow from Trump tariff plans February 14, 2025 The UK economy could face a £24bn blow from Donald Trump’s plans to impose tariffs on countries that charge VAT. The President announced plans to impose reciprocal tariffs last night, telling reporters that he considered VAT to be a tariff on US exporters. “I have decided for purposes of fairness that I will charge a [...]
UK economy hit by slump in exports to EU February 13, 2025 According to the Office for National Statistics (ONS), UK exports fell 2.5 per cent in the fourth quarter, the third consecutive month of decline.
UK economy: Britain’s resilience to tariffs could support pound sterling February 10, 2025 Sterling could outperform against the euro in the coming weeks because the UK is less exposed to the threat of Donald Trump's tariffs, analysts think.
Trump tariffs could have ‘devastating blow’ on steel industry February 10, 2025 Speaking from Air Force One last night, Trump said the tariffs would cover "everybody", which will be a major hit to Canada and Mexico, two of the US's largest steel trading partners.