Chancellor to hold tariff crisis talks with top City executives
Tuesday, 8 April 2025 Rachel Reeves will seek to gauge the unfolding impact of President Trump’s tariffs blitz on Wednesday when she holds talks with some of the City’s top executives.
Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has dodged calls from her predecessor Anneliese Dodds for a wealth tax to be considered ahead of this autumn's budget. Sky News
Sizewell C nuclear power plant construction to cost £38bn as investors sign deal. Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
India has reportedly declined a U.S. offer to buy F-35 stealth fighter jets, according to Bloomberg. The offer was made by President Trump during Prime Minister Modi’s visit to Washington in February. Instead of purchasing American jets, India is prioritizing joint defense manufacturing initiatives and has shown greater interest in the Russian Su-57, especially after its debut at Aero India.
The Indian Ministry of External Affairs downplayed Bloomberg’s report, confirming no formal talks on the F-35 have taken place yet. Meanwhile, the U.S. has slapped 25% tariffs on Indian imports due to a failed trade deal, escalating tensions. Trump also announced India would face a penalty over its continued defense ties with Russia. This deepening rift could impact U.S.-India defense cooperation and reshape future arms procurement.
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Donald Trump says he has ordered two nuclear submarines to be positioned in the "appropriate regions" in a row with former Russian president Dmitry Medvedev. Sky News
China has issued a scathing rebuke of Donald Trump’s sweeping new tariff regime targeting 69 countries, accusing the United States of igniting an economic war that "no one wins." In a sharply worded statement, Beijing warned that Trump's aggressive trade stance risks destabilizing global markets and punishing developing economies. Chinese officials blasted the move as unilateral, reckless, and a threat to multilateral trade frameworks.
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President Trump claimed that Chinese President Xi Jinping called him amidst a tense tariff battle where neither country seems willing to concede. "Will you... IndiaTimes
After Ukraine president Volodymyr Zelenskyy appealed to President Trump to visit Ukraine following a fresh Russian attack on Sumy that Russia denied, Trump... IndiaTimes
President Trump defends his tariff policy amidst market volatility and economic unease, asserting his commitment to American workers over Wall Street interests.... IndiaTimes