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 insists she is “confident” the UK can secure a trade deal with the United States but will “only ever act” in the national interest in agreeing to one. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has said she will be having "conversations with the US administration" next week as the UK looks to secure a trade deal with Washington. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves said the UK is “resolved” to secure the best possible trade deal with the US but is also seeking to boost ties with other countries. She stressed the importance of protecting British jobs and industry while continuing talks with American counterparts. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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.
#ScottBessent #TradeDeals #USIndiaTrade #ChinaTariffs #SupplyChain #FairTrade #USJapanRelations #SouthKoreaTrade#USChinaRelations #GlobalEconomy #TradeNegotiations #IndiaTariffs #BidenTradePolicy #RetailSupply #AsiaUSDeals#Geopolitics #InternationalTrade #ElectionsAndTrade #TariffTalks #USAsiaPartnership
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President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s prediction of a “de-escalation” in the trade war, calling current rates unsustainable. Trump imposed 145% tariffs on Chinese goods, prompting 125% retaliation from Beijing. As markets rebound and interest rate fears rise, insiders suggest change is coming—but Trump insists, “We’re doing fine with China.” Is a new phase of U.S.-China trade about to begin?
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Spain's Pedro Sánchez aims for closer trade ties with China amid US tariffs uncertainty
Washington has criticised Spain's outreach to China with Treasury Secretary Scott Bessent saying cosying up to Beijing is like 'cutting your own throat.'
READ MORE : http://www.euronews.com/2025/04/10/spains-pedro-sanchez-aims-for-closer-trade-ties-with-china-amid-us-tariffs-uncertainty
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Credit: euronews (in English) Duration: 01:20Published
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