Donald Trump is preparing to unveil sweeping tariffs, in what the White House has dubbed “Liberation Day”
Details on exactly which countries will be affected aren’t yet clear – here’s what we know.
Trump argues the tariffs will help US manufacturers by encouraging consumers to buy American-made goods – but analysts warn it could push up prices and trigger a trade war.
The EU says it’s ready to retaliate, while our political editor Chris Mason detects jitters – and some hope – in the UK government
The White House said Trump is open to last-minute talks, and “quite a few” countries called the president on the eve of the announcement.
As a reminder: A tariff is a tax on goods imported from abroad, and are usually a percentage of the product’s value. Companies that buy the foreign goods have to pay the tax.
[BBC News]
