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 [...]
PMQs: UK should impose ‘Tesla tariffs’ on US electric cars, Davey says February 12, 2025 The UK should impose “Tesla tariffs” on US electric cars produced by Elon Musk, after President Donald Trump announced higher taxes on steel imports, the Lib Dem leader has suggested. Sir Ed Davey called for the UK to retaliate – after Trump confirmed he would impose 25 per cent tariffs on all steel and aluminium [...]
Steel tariffs: No10 won’t say if Trump wrong to impose import charges February 11, 2025 Downing Street has refused to say whether Donald Trump is wrong to impose 25 per cent tariffs on the UK’s steel exports to America. Trump’s executive order scrapped exemptions for the UK and all other countries, with all steel and aluminium exported to the States to face tariffs from March 12. Speaking from the Oval [...]
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.
Steel tariffs: UK ‘ready for all situations’, No10 says on Trump threats February 10, 2025 The UK is “ready for all situations” and ministers will “engage as appropriate”, No10 has said, in the wake of Donald Trump’s threat to impose tariffs on steel and aluminium imports into the US It follows a government minister saying Britain will have to “wait and see” if Donald Trump “gets more specific” about his [...]
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.
As tariffs loom, the UK-India trade deal is all the more important February 10, 2025 Tariffs are the road to ruin. But the UK still has many opportunities with trade partners like India, writes Lord Mayor Alastair King.
Better relations with America could be the biggest Brexit benefit yet February 5, 2025 Brexit allowed Britain to lead the West in support for Ukraine. Now we must use that freedom to dodge tariffs by convincing Trump we are a reliable partner in defence, says James Price Having served in government through some of the Brexit negotiations, and seen up close how completely bonkers everyone was driven by it, [...]
Starmer’s EU-US high-wire act risks stumbling… February 5, 2025 From headaches over Europe, to managing Sino-philes vs sceptics, the job of a prime minister – particularly when it comes to foreign policy – can often resemble something of a high-wire act, usually minus a safety net. Get it wrong, and the consequences could be severe, but pull it off, and the rewards are plentiful. Enforcing [...]
