Trump tariffs on UK goods unjustified - here's why
Friday, 25 April 2025 () As Chancellor Rachel Reeves meets her counterpart, US treasury secretary Scott Bessent to discuss an "economic agreement" between the two countries, the latest trade figures confirm three realities that ought to shape negotiations.
Twelve U.S. states, led by New York, are suing President Trump over his sweeping tariff policies, arguing he violated the Constitution by bypassing Congress. The lawsuit challenges his use of the International Emergency Powers Act to justify tariffs on goods from China, Mexico, and more. The White...
Chancellor Rachel Reeves says a new post-Brexit deal with the EU marks a "really big day", praising it as a move to boost jobs, cut prices, and strengthen defence ties. The agreement, finalised ahead of a major EU summit, has reportedly been approved by the bloc’s ambassadors and follows intense last-minute talks. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK's food security and the future of farming lies in Rachel Reeves' hands, a leading MP has said as a committee called on the government to delay farm.. Sky News
The UK economy grew by 0.7% in the first three months of 2025, the fastest quarterly rise in a year, according to the ONS. Chancellor Rachel Reeves welcomed the boost, pointing to growth across services, manufacturing, investment and exports. She credited government efforts to restore stability, helping cut interest rates and secure new trade deals. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chancellor says the welfare system "needs reform", as more than 40 MPs have written to Prime Minister Sir Keir Starmer urging him to pause and reassess planned cuts to disability benefits. Rachel Reeves adds, "the current levels of people going onto these benefits is not sustainable". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has hailed the new UK-US trade deal as being a "good deal" for sectors such as car manufacturing, aerospace, life sciences and steel. The chancellor adds the agreement is a "big improvement from where we were a month ago". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Donald Trump has announced a major development in U.S.-China trade talks, revealing that China has agreed to “open up” to U.S. businesses and suspend trade barriers. This comes after a high-stakes negotiation involving top U.S. and Chinese officials, resulting in a 90-day pause on most tariffs. Trump highlighted this as a key breakthrough in the discussions led by Treasury Secretary Scott Bessent and Trade Rep. Jamieson Greer. The agreement is expected to ease tensions and create a temporary window for further economic cooperation between the two global powers.
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Congresswoman Joyce Beatty erupted in a heated exchange with Treasury Secretary Scott Bessent over delays in the Harriet Tubman $20 bill, his alleged crypto ties to DOGE, and the impact of Trump-era tariffs. With high-level U.S.-China trade talks resuming in Switzerland, Beatty’s outburst spotlights growing frustration within Congress. As Bessent touts upcoming trade deals, Beatty accuses the administration of ignoring economic realities and symbolic justice. Watch the dramatic hearing and the fiery debate that could reshape the tariff narrative.
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The United States and Ukraine have signed a landmark deal to share profits from future mineral sales, ending months of tense negotiations. The agreement establishes a joint reconstruction fund and signals long-term U.S. commitment to Ukraine’s sovereignty and recovery. Treasury Secretary Scott Bessent says the deal reflects a broader peace strategy. As the U.S. counters China’s rare earth dominance, Ukraine's vast reserves of lithium, titanium, and graphite become critical. Kyiv calls the deal vital for securing future aid and investment, while Moscow faces new pressure from Washington.
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U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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Donald Trump has claimed that India is ready to eliminate 100% tariffs on US goods, calling it a major breakthrough. However, India’s external affairs minister S. Jaishankar countered, saying trade..
Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins..
Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as..