Trump tariffs live: Starmer vows to protect UK from ‘storm’ of US tariffs while EU readies retaliatory measures

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This article discusses a proposal by Bruegel to create a European Defence Mechanism for joint weapons purchases and ownership of strategic assets, aiming to increase efficiency and save costs. The EU faces divisions on how to respond to US tariffs, with France and Germany pushing for a strong retaliation, while Italy, Greece, Romania, and Hungary prefer a more cautious approach. Italy's stance is crucial in determining the EU's united message on trade policy. Full Article

European Central Bank policymaker Yannis Stournaras warns that US President Donald Trump's tariffs could lead to a "negative demand shock" in the Eurozone, potentially dragging down economic growth and inflation below targets. Stournaras, a member of the ECB's governing council, cautions that the looming global trade war comes at a time of already modest growth, with the ECB set to make an interest rate decision on April 17. Analysts predict another rate cut later this...

The UK government plans to ease regulations for private equity and hedge funds by raising the size threshold for oversight to £5bn, aiming to attract more investment and bolster the country's position in Europe. The move, subject to consultation with the industry, is expected to reduce costs and enhance competitiveness, though it may face criticism from some Labour MPs. The Treasury and FCA are also exploring tailored regulatory regimes and streamlining rules to support growth...

The latest round of tariffs by the Trump administration creates confusion for traders and countries, with Asian nations facing high rates and limited exemptions, while the EU receives a flat 20% rate affecting individual member states differently. Surprisingly, countries with which the US has trade surpluses are hit by the tariffs, based on 2024 trade data, which may not reflect long-term trends, resulting in unexpected outcomes like Namibia's high tariff rate. Full Article

Far-right leader Marine Le Pen claims to be a victim of a political witch-hunt after being convicted of embezzling public funds, vowing to fight any attempt to bar her from the next presidential election. Supporters of Le Pen's National Rally (RN) gathered in Paris while a rival rally accused her of posing an "existential threat" to the rule of law. The case has sparked controversy and divided opinions among political movements in France. Full Article