Trump’s ‘liberation day’ tariffs: what to expect and will the UK be spared?

News Snapshot:

The EU and the UK are bracing for a damaging trade war with the US, as Donald Trump is expected to implement his threat to impose tariffs on imports from Europe. For weeks, he has named 2 April “liberation day”, with the unveiling of a tariff plan to reverse what he called “unfair practices that have been ripping off our country for decades”. What tariffs are expected? A 20% blanket tariff on nearly all imports to the US has been drafted by Trump’s aides. However, EU and UK leaders are concerned about the possibility of sectoral tariffs, as well as...