UK to explore hitting Trump with retaliatory tariffs as markets plunge – recap

After a meeting with industry representatives, French President Emmanuel Macron says Trump’s tariffs are a ‘shock for international trade’.

He continued by discussing the ‘massive impact’ it will have on the European economy.

The decision that was announced last night is a brutal and unfounded decision.

Adding that the US economy and consumers will emerge ‘poorer and weaker’.

Just days after Percy Pig launched in the US, the iconic sweet may have to return home.

Just four days ago Percy Pigs landed on target shelves for $3.99 as M&S’s ‘gift to America’.

However, the chair of M&S Archie Norman admitted at the Retail Technology Show yesterday that “we might have to change our minds” as Trump’s tariffs loomed.

Shadow chancellor Mel Stride said the Government needs to “up its game” and secure a deal with the US to avoid tariffs.

Asked whether he was concerned about the impact of tariffs on the UK economy, Mr Stride said:

Of course, we have to be concerned. We’re a very open economy, and this will have a serious impact.

Speaking on a visit in south London, the shadow chancellor added:

I think the really disappointing thing is the amount of time that was wasted by this Government before it got in the room with the American administration to try and negotiate that vital free trade agreement so that we don’t have to face these tariffs at all.

What the Government has got to do now is up its game and go and get that deal so that we can be spared this tariff.

Vice-President J D Vance is urging Americans to be patient as the US braces for the impact of Trump’s tariffs.

Yes, this is a big change. I’m not going to shy away from it, but we needed a big change.

Speaking to Fox News, he warns Americans living on a tight budget that things aren’t likely to get better ‘overnight’.

We cannot keep going down the Joe Biden globalist pathway where we have $2 trillion of peacetime debt and deficits.

For 40 years, we’ve had an economy that rewards people who ship American jobs overseas and raises taxes on American workers and we’re flipping that on its head.

UK officials have drawn up a mammoth 417-page list of US imports that could be hit with tariffs in revenge for Trump’s White House attack on global trade.

Consumer favourites like Levi’s jeans, Jack Daniel’s whiskey and Harley Davidson motorcycles are all in the astonishingly lengthy document.

They were subject to tariffs during the trade wars in Mr Trump’s first term in the White House.

But the comprehensive list also covers items from livestock and raw meat like chicken wings to rollercoasters, cricket balls, live bees and tailors’ dummies.

And in a move that may horrify the golf-loving president, the list includes club and ball brands made in the USA.

A Donald Trump ally compared Victoria Derbyshire to a ‘kindergartner’ before threatening to storm off camera during a fiery interview about the new US tariffs.

Sebastian Gorka, who is the president’s deputy assistant, clashed with the veteran journalist during an extraordinary exchange on BBC Newsnight.

It comes after Trump sparked a trade war by unveiling a crippling series of tariffs as part of his ‘liberation day’ speech.

Talking to Derbyshire, Gorka insisted the UK should be grateful to receive one of the lowest tariff rates – despite the looming threat to the nation’s economy.

Watch the interview below: