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politics1 month ago

Trump’s Tariff Threats Meet Diplomatic Push to Preserve Global Trade Deals

After the Supreme Court curtailed his tariff powers, Trump announced a 15% global tariff, but the rate was set at 10% in practice as the administration pressed allies (UK, EU, India, Canada, Korea, Japan) to honor existing deals; behind the scenes, officials pursued a conciliatory approach to avert further setbacks to the trade agenda, while signaling new national-security and country-specific investigations that could trigger additional tariffs later this year.

UK keeps all options open as US tariffs loom
world1 month ago

UK keeps all options open as US tariffs loom

Downing Street says nothing is off the table if the US does not honour the current UK‑US tariff deal, but stresses no one wants a trade war, as Washington moves to a 15% global tariff that would largely bypass the sector-specific deals with the UK; talks remain constructive and all options are on the table to protect British business, while the EU pauses its deal and analysts warn of potential UK damage if the broader tariff goes ahead. The policy uses Section 122 of the 1974 Trade Act, with exemptions for some items, and officials urge clarity on how UK exports will be treated.