Trump’s ‘liberation day’ tariffs: what’s at stake for UK and EU?

Trump’s tariffs are already causing volatility on the New York stock exchange. Photograph: Michael M Santiago/Getty Images

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”.