President Trump has imposed immediate tariffs of 10 per cent on all British exports to the United States as he announced a “declaration of economic independence” for America. On his self-declared “liberation day”, Trump described the tariffs as reciprocal and said he was going to be “kind” by charging half of each country’s total anti-US measures. He then produced a chart showing rates, with the UK calculated to have barriers of 10 per cent but ­charges at the same level. Speaking in the White House Rose Garden at a “Make America Wealthy Again” event certain to be seen as a defining­ moment of his second term and for the global economy, Trump announced­ 10 per cent was the new baseline. It was unclear just how

Source: The Times April 02, 2025 22:10 UTC