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UK expecting to be hit by Trump’s tariffs this week – No 10

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Investopedia |
U.S. consumers are showing signs of preparing to cut back on spending as they brace to absorb price increases from President Donald Trump's tariff campaign.
scmp.com |
government reports justifying his global trade war are to be released.
The New York Times |
Trade experts have argued that using tariffs to raise revenue directly contradicts the goal of using tariffs to bring factories back to the United States.

Read more on News Digest

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Talks between Britain and the United States to negotiate a new economic deal that would avert the tariffs are expected to continue past Wednesday, when Trump is expected to unveil the worldwide tariffs,
UK expects to be hit by Trump tariffs, No 10 says
The UK is expecting to be hit by new US tariffs on Wednesday, with Downing Street indicating a deal to exempt British goods will not be reached in time. US President Donald Trump has said he plans to unveil a raft of new tariffs - or import taxes - on 2 April,
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President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.
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Trump Advisers Battle Over Whether ‘Liberation Day’ Will Raise Tariffs or Lower Them
Trump’s supporters are clashing over the true goal of forthcoming global tariffs: raising revenue, or lowering foreign trade barriers?
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Stocks plunge as Trump's 'Liberation Day' tariffs loom
U.S. stocks plunged in early trading ahead of the expected introduction of President Donald Trump's sweeping tariffs on Wednesday, measures the president said will impact "all countries." The Dow Jones Industrial Average fell 315 points,
New York Magazine5h
Economic Warnings About Trump’s Tariffs Are Piling Up
Trump says his new tariffs will be “Liberation Day” for America. Economists and market analysts’ views are far more ominous.
Drivers anxious about possible economic impact of Trump’s planned tariff on imported autos
U.S. tariffs on imported cars are set to go into effect this week. President Donald Trump announced the 25% tariff on all foreign-made cars and auto parts last week. It’s a move he believes will foster more domestic manufacturing over time.
Public Broadcasting Service (PBS)3h
Examining Trump’s claims that tariffs will revitalize American manufacturing
The impact of tariffs is starting to become real and more are on the way. One of the biggest questions around President Trump's approach is whether it can help revitalize American manufacturing. Economics correspondent Paul Solman breaks that down.
Trump says the ultimate fruits of tariffs will be worth the pain. Experts disagree.
President Trump says the goal of his tariffs - resuscitating U.S. manufacturing's glory days - will be worth the turmoil. Experts are skeptical.
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Negative economic impact on US already surfacing as US reciprocal tariffs approach: reports
As US reciprocal tariffs are scheduled to take effect on April 2, worries in the US have been worsening, with some negative impacts already emerging, according to media reports. Goldman Sachs said in a report released on Sunday local time "We now see a 12-month recession probability of 35 percent.
The Business Times3h
US tariffs causing anxiety but no ‘dramatic’ economic impact: IMF chief
WASHINGTON] US President Donald Trump’s tariff threats are causing “a lot of anxiety,” but their global economic impact is not expected to be dramatic, the head of the IMF said on Monday. Read more at The Business Times.
What could tariffs on April 2 mean for prices and the economy?
Trump has repeatedly referred to April 2 as "liberation day," saying a wide-ranging slate of reciprocal tariffs would rebalance U.S. trade relationships. Trump's plan for reciprocal tariffs next week, however, is expected to be narrower than he previously vowed, though the plan remains under discussion, sources told ABC News this week.
Goldman Sachs now sees much higher odds of economy shrinking, hiking probability of a U.S. recession to 35%
Goldman believes the tax-like impact on real disposable income and consumer spending from Trump's tariff policies will hurt U.S. growth prospects.
Goldman Sachs slashed its S&P 500 target again, with tariffs set to hit stock returns and economic growth
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The trajectory of the economy largely depends on how President Donald Trump's tariff-raising spree turns out, according to Federal Reserve officials who made public remarks this week. Several said they expected the tariffs to push up prices,
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