- Downing Street says the UK will be affected by Trump's trade tariffs, despite negotiations and a recent phone call between the US President and Prime Minister Keir Starmer.
- This comes as a setback for Starmer, who had hoped to secure an exemption for UK businesses.
- Business groups, including the BCC and FSB, warn that more than 60 per cent of their members will be directly or indirectly impacted by the tariffs.
- International markets tumbled on Monday as Trump confirmed that tariffs will be imposed on "all countries."
- Experts predict a geopolitical shift, with closer trading partnerships between the UK, Canada, the EU, and Australia as a potential consequence of the tariffs.
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