Donald Trump’s former director of communications, Anthony Scaramucci, has warned that the president-elect will impose “surgical” tariffs on industries that need protection when he takes office, in response to concerns about a potential trade war with the United States. Scaramucci emphasized the need to protect American industries from practices such as dumping steel below market price by foreign competitors like China. He also dismissed suggestions of Trump running for a third term as a tactic to provoke liberals and create fear among the public.
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UK businesses brace for economic gloom in 2025
Businesses are preparing for economic uncertainty in the new year following Rachel Reeves's Budget, with a CBI survey revealing plans for reduced output and hiring. Expectations for growth are at their weakest since Liz Truss's time in office, largely due to the chancellor's national insurance hike. Despite defending her tax increases as necessary for economic stability and growth, Reeves faces criticism as the economy faces a bleak outlook. Full Article
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