Fact check: are US tariffs really bringing in $2bn a day as Trump claims?

US president may have used some hypothetical maths but chances are slim that such sums are being raised

Reeves rejects calls for ‘buy British’ campaign in response to US tariffs

Chancellor says asking shoppers to prioritise UK products would make country too ‘inward-looking’

Health secretary says chaos caused by fears of a global trade war will be ‘another layer of challenge’

In today’s newsletter: As Keir Starmer weighs up his response to Washington, the prime minister holds an unfavourable hand

Prime minister says UK faces a ‘changing and completely new world’ after Donald Trump’s global tariffs

Tit-for-tat levies on American goods may appeal to voters but would risk adding to UK’s economic headwinds

Carmakers will be given more flexibility over targets on transitioning to electric vehicles

Kevin Hassett claims tariffs will not have a big effect on US consumers and there will be no ‘political coercion’ over interest rates

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next week

The key questions answered after the US president shook up the global economy with what he called liberation day

There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitable

No 10 has been criticised for ‘sucking up’ to Donald Trump, but believes its defensive strategy has been vindicated

Union says the government should intervene directly and force the council to settle the dispute

Small businesses that import goods brace for steep price increases that they have to pass on to their customers

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn