EU in early talks with US but preparing ‘robust’ tariff countermeasures, says trade chief – as it happened

EU trade commissioner Maroš Šefčovič says bloc in a ‘tough spot’ with 70% of exports being subjected to tariffs

European markets slump as Trump says ‘you have to take medicine’

US president tells reporters foreign governments will have to pay ‘a lot of money’ to lift levies

Labour faces tough choices on its economic strategy. It must be guided more by its progressive values rather than political expediency

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next week

PM ready to ditch ‘old assumptions’ and is debating possible changes to fiscal rules to boost growth

There are major concerns about the potentially ‘catastrophic’ impact US policy will have on vehicle makers

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade war

Von der Leyen calls tariffs ‘a major blow to world economy’ while calling for last-ditch negotiations

President says ‘nothing can be ruled out’ in response to US measures

US president imposes two-tier rate on island of Ireland, raising concerns over impact on 1998 peace pact

Daniel Křetínský clears final regulatory hurdles for £3.6bn takeover of Royal Mail parent company

Britain gets off comparatively lightly but US president’s action could still cost billions in lost growth

Donald Trump’s widescale import levies have spooked governments, investors and analysts alike. Here’s why

Concerns about cable theft raised with airport before substation fire but Heathrow chief defends handling of incident

What is expected from Donald Trump’s tariffs on US imports and how will EU and UK leaders react?