The Lib Dems are pointing to a recent study suggesting 20% tariffs - or charges - on UK exports to the US could cost the British economy £22bn a year. Lib Dem leader Sir Ed Davey said the public deserved to know the level of risk to the UK's economy, jobs and living standards, and called on the government to "come clean" now.

As most Democrats slam Trump’s tariffs, Rep. Jared Golden (D-Maine) is defending the president-elect in Congress.

Donald Trump came to Washington eight years ago vowing to rewrite U.S. trade relationships, shrink a massive goods trade deficit and rebuild America's industrial base with new tariffs. The president-elect is about to embark on an even more aggressive effort in his second term,

China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

China’s economy hit the government’s growth goal last year after an 11th hour stimulus blitz and export boom turbocharged activity, although looming US tariffs threaten to take away a key driver of expansion.