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Why is Trump imposing tariffs and which countries will be hit hardest? – in charts

These graphics explain how the US trade deficit has changed, why Trump may be targeting certain countries with tariffs and what the impact could be

Asian stock markets mixed after Trump tariffs announcement while gold reaches record high

Analysts say measures so far have been less than feared but traders still cautious as uncertainty about US policy ‘has basically exploded’

UK Steel warns that Trump tariffs would be ‘devastating blow’

FTSE 100 hits record high as pound falls after US president says he will impose 25% levies on steel and aluminium imports

Trump to announce 25% aluminium and steel tariffs as China’s levies against US come into effect

US president accused of ‘shifting goalposts’ by premier of Ontario for adding further tariffs on top of existing metal duties, as China’s fossil fuel levies come into force

What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

UK urged to close tax loophole to prevent ‘massive influx’ of Shein and Temu goods

Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels

Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn

Novo Nordisk confident despite Trump tariff risk as sales of weight-loss jab soar

Europe’s biggest firm, whose sales of Wegovy almost doubled, feels it can ‘meet demands’ of US administration

EU to tighten checks on goods sold by sites such as Shein and Temu

European Commission also urges EU lawmakers to phase out exemption on customs duties for parcels under €150

Iran reformists urge concessions in attempt to reconnect to west

Decision expected in next week that could allow country to rejoin international banking system

China has reacted in kind to Trump’s tariffs, but a deal may still emerge

Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018

Global stock markets come under pressure amid ‘Trump tariff tantrum’

Markets recover some losses after Trump agreed to delay new duties on Mexico goods, sparking hopes of a reprieve

Trump tariffs: what’s at stake for the UK and EU?

The US president has threatened to target Europe after launching then pausing import tariffs on Canada and Mexico

EU will stand up for itself in face of Trump tariffs threat, Macron says

French president and other leaders call for cooperation with Washington but vow a robust response if needed

US, EU and UK stock markets hit by global trade war fears as JPMorgan says Trump administration may be ‘business unfriendly’ – as it happened

European markets fall as Trump says EU tariffs will ‘definitely happen’, but stocks recover after Mexican tariffs delayed by a month

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