The looming threat of global tariffs from US President Donald Trump has dominated headlines across major newspapers on his plan to unveil these tariffs. The Daily Mirror highlights the impending “Trump trade madness” and “Carnage” as the UK braces itself for a new wave of tariffs. Initially speculated to match levies imposed by other countries, reports suggest that these tariffs could be a blanket rate of 20%.
Investors are turning to gold as fears escalate ahead of Trump’s tariff announcement, as reported by the Financial Times. The demand from China is driving a surge for local car maker BYD, while the paper also covers Chinese naval exercises near Taiwan. Meanwhile, the Daily Telegraph features US President Trump’s trade war looming large, with UK Prime Minister Sir Keir Starmer’s last-minute attempts to halt the conflict in the spotlight.
The Daily Mail piques interest with a glimpse into the plans of power couple David and Victoria Beckham, coinciding with the threat of Trump’s tariffs potentially jeopardizing Chancellor Rachel Reeves’ financial balance. The i Paper issues a warning for the UK to prepare for the worst as Trump initiates a global trade war, emphasizing discussions around farming and gene-edited crops in negotiations with the US.
The Guardian brings attention to the UK’s tactics to navigate the trade war by offering tax cuts to US tech firms in exchange for lower tariffs. The paper also sheds light on the casting of four actors set to portray the Beatles in upcoming biopics. Lastly, the Times focuses on the impact of Trump’s tariffs on businesses and reports on recent welfare reforms leading to an increase of 400,000 individuals deemed unfit for work
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