Trump announces ‘liberation day’ tariffs — and UK avoids the worst

Trump announces ‘liberation day’ tariffs — and UK avoids the worst

President Trump has imposed immediate tariffs of 10 per cent on all British ­exports to the United States as he announced a “declaration of economic ­independence” for America.

On his self-declared “liberation day”, Trump described the tariffs as reciprocal and said he was going to be “kind” by charging half of each country’s total anti-US measures. He then produced a chart showing rates, with the UK calculated to have barriers of 10 per cent but ­charges at the same level.

Speaking in the White House Rose Garden at a “Make America Wealthy Again” event certain to be seen as a defining­ moment of his second term and for the global economy, Trump announced­ 10 per cent was the new baseline. It was unclear just how

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