U.S. Treasury Secretary Scott Bessent downplayed President Donald Trump’s threat to impose steep tariffs on European alcohol, stating that it should not have a significant impact on the stock market. Trump had warned the European Union of 200% tariffs on alcohol exports unless they dropped proposed duties on American whiskeys, calling the EU a hostile and abusive taxing authority. Bessent expressed minimal concern over the potential impact of this trade dispute on the markets, emphasizing that it involved only a few items with one trading bloc.
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'Labour's Changing Into The Tories': Trevor Phillips Challenges Wes Streeting Over Welfare And Aid Cuts
Wes Streeting and Trevor Phillips discussed Labour's plans to cut international aid and the welfare bill on Sky News, with Phillips challenging Streeting over the party's shift towards Conservative policies. Streeting defended Labour's stance, stating they aim to reform the state and support the poorest and most vulnerable in society. Later on BBC, Streeting reiterated that Labour's goal is to ensure dignity, independence, and a high quality of life for those in need. Full Article
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