In a dramatic policy shift, the US President has paused certain tariffs for 90 days, while imposing higher duties on some imports, signalling a marked change in trade relations.

London has dropped down the global wealth rankings, having lost more millionaires than any other city except Moscow, prompting concern over the capital’s long-term economic appeal.

Trump reaffirmed that he would not halt tariffs on Chinese imports, sparking investor anxiety and a sharp fall in markets as the threat of a 50% charge loomed.

Green guidelines have been relaxed to bolster the UK car sector under shifting tariff conditions, with Starmer indicating that these evolving trade rules reflect a transformed global landscape requiring an updated approach.