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: 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 [...]
Explainer: What could a UK-US trade deal look like? April 1, 2025 US President Donald Trump is expected to impose new tariffs on imports from countries around the world this week, with the UK set to be affected by the global tax changes. No10 has confirmed the government is “actively preparing for all eventualities” ahead of Trump’s announcement on April 2, and that we “expect the UK [...]
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 [...]
US tariffs: UK expects to be hit by Trump taxes this week, No10 admits March 31, 2025 The UK expects to be hit by Donald Trump’s tariffs this week, No10 has said, amid frantic discussions to secure an exemption for UK businesses. The government has been trying to negotiate to spare British exports from the taxes on imports into the US which are set to come into force later this week on [...]
US tariffs: UK ‘reserves right to respond’ after carmakers meeting March 28, 2025 The UK reserves the right to respond to American tariffs, Sir Keir Starmer has said, after US President Donald Trump’s decision to slap a 25 per cent import tax on cars. The Prime Minister said his government was involved in ongoing discussions with the White House aimed at “mitigating the impact” of any levies but [...]
US tariffs: Trade secretary won’t rule out cuts to digital services tax March 27, 2025 Jonathan Reynolds has refused to rule out cutting the digital services tax on major tech firms, amid the prospect of looming US trade tariffs. The business and trade secretary insisted the UK government was “committed to ensuring tech companies pay a fair amount of tax in the UK”, but added that the digital services tax [...]
US tariffs: Reynolds urges ‘cool heads’ over trade negotiations March 27, 2025 Jonathan Reynolds has said it is a time for “cool heads” as the UK engages with the US over tariff plans despite holding a “different set of views” on trade policy. It comes after Chancellor Rachel Reeves said the UK is not planning “at the moment” to introduce retaliatory tariffs on the US, after President [...]
Analysis: Why Reeves faces political pressure over the Spring Statement March 25, 2025 Over the next 24 hours, Rachel Reeves will be putting the finishing touches to Wednesday’s Spring Statement. It marks her second fiscal event as Chancellor, and – despite the promised manifesto commitment of “one major fiscal event a year” – the economic backdrop, and wider political pressure, makes it hard to see the contents of [...]