Trump pauses some reciprocal Tariffs for 90 Days, Raises China Tariffs to 125% [Update@post270]

[IMMY69]

Interested to see in what way you think it will backfire?

British workers will be priced out if companies prefer to employ Indians because they save on having to pay NI, which only just went up in April.

I'm still waiting for more details to come through but I can see this as a potential headache and a PR disaster for the government particularly as they just got hammered by reform in the local elections

 

[DeadlyVenom]

British workers will be priced out if companies prefer to employ Indians because they save on having to pay NI, which only just went up in April.

I'm still waiting for more details to come through but I can see this as a potential headache and a PR disaster for the government particularly as they just got hammered by reform in the local elections

If reform are hammering the government and raising issues in the media relating to India and Indians then I'm with Reform and will join my brother @Rajdeep as a member of this party.

 

[BouncerGuy]

Trump set to announce US will agree trade deal with UK - Sky News understands

Donald Trump is set to announce that America will agree a trade deal with the UK, Sky News understands.

A government source has told Sky's deputy political editor Sam Coates that initial reports about the agreement in The New York Times are correct.

Coates says he understands a "heads of terms" agreement, essentially a preliminary arrangement, has been agreed which is a "substantive" step towards a full deal.

Three sources familiar with the reported plans had earlier told the New York Times that the US president will announce on Thursday that the UK and US will agree a trade deal.

Shortly after the report emerged the value of the British pound rose by 0.4% against the US dollar.

Mr Trump had earlier teased that he would be announcing a major trade deal in the Oval Office at 10am local time (3pm UK time) on Thursday without specifying which country it had been agreed with.

Writing in a post on his Truth Social platform on Wednesday, he said the news conference announcing the deal would be held with "representatives of a big, and highly respected, country".

He did not offer more details but said the announcement would be the "first of many".

A White House spokesperson has declined to comment on the New York Times report.

Senior Trump officials have been engaging in a flurry of meetings with trading partners since the US president announced his "liberation day" tariffs on both the US' geopolitical rivals and allies on 2 April.

Mr Trump imposed a 10% tariff on most countries including the UK during the announcement, along with higher "reciprocal" tariff rates for many trading partners.

However those reciprocal tariffs were later suspended for 90 days.

Britain was not among the countries hit with the higher reciprocal tariffs because it imports more from the US than it exports there.

However, the UK was still impacted by a 25% tariff on all cars and all steel and aluminium imports to the US.

A UK official said on Tuesday that the two countries had made good progress on a trade deal that would likely include lower tariff quotas on steel and cars.

Trump set to announce US will agree trade deal with UK - Sky News understands

The US president had earlier teased that he would be announcing a major trade deal in the Oval Office on Thursday without specify which country it had been agreed with.

news.sky.com