US President Donald Trump has thrown down the gauntlet to America's biggest trading partners, giving them until Wednesday, 4 June to come up with better trade deals or brace themselves for crushing tariffs starting 8 July—a move that's sending shockwaves through global markets and could hit British shoppers hard in their wallets.
Major economies across Europe and Asia are now racing against time as Washington demands immediate action on everything from market access to red tape reduction. Countries that don't play ball face tariffs that could reach an eye-watering 50%, representing Trump's most combative trade strategy since taking office again.
