Starmer admits UK will face Trump tariffs this week amid global recession fears: Live updates

Downing Street has acknowledged that the UK is likely to face Donald Trump’s tariffs this week, as the US president threatens a global trade war, causing fears of a global recession. Despite efforts to negotiate an economic deal with the US, the UK may not be exempt from Mr. Trump’s plans to impose tariffs on imports from around the world, leading to losses on the FTSE 100 stock exchange and volatility on Wall Street. The threats of retaliatory tariffs from affected countries are escalating concerns about a potential global trade war.

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