It would take an ‘extraordinary deal’ for any country to improve on 10% rate, warns Kevin Hassett
- Trump’s about-face on tariffs reveals chaos at the core of his presidency
- Business live – latest updates
A senior economic adviser to Donald Trump has said it would take “an extraordinary deal” for any country, including the UK, to improve on the 10% tariff rate the US has imposed almost worldwide, pouring cold water on Downing Street’s hopes for a breakthrough.
Trump succumbed to pressure from plunging financial markets on Wednesday and temporarily reduced “retaliatory” tariffs on all countries to 10% – barring Chinese goods, which face a rate of 145%.
Continue reading…It would take an ‘extraordinary deal’ for any country to improve on 10% rate, warns Kevin HassettTrump’s about-face on tariffs reveals chaos at the core of his presidencyBusiness live – latest updatesA senior economic adviser to Donald Trump has said it would take “an extraordinary deal” for any country, including the UK, to improve on the 10% tariff rate the US has imposed almost worldwide, pouring cold water on Downing Street’s hopes for a breakthrough.Trump succumbed to pressure from plunging financial markets on Wednesday and temporarily reduced “retaliatory” tariffs on all countries to 10% – barring Chinese goods, which face a rate of 145%. Continue reading…
