Labour has pledged to back vital domestic businesses affected by escalating tariffs, promising a fiscal and strategic framework that safeguards jobs, bolsters growth, and counters the adverse trading environment.

Donald Trump’s new tariffs triggered global financial upheaval, erasing trillions from stock markets worldwide amid widespread condemnation from leaders who warned of serious risks to economic stability.

Donald Trump has announced a 10% levy on imports from the UK, heightening global trade tensions and prompting concerns over potential economic repercussions.

The PM is proposing to cut digital services tax for major US technology firms in exchange for a reduction in Trump-era tariffs, aiming to alleviate trade tensions and bolster economic stability.