Rachel Reeves, Chancellor, called for closer ties with Beijing after Donald Trump slapped 245% tariffs on Chinese imports. She believes it would be "very foolish" for Britain to disengage with China and wants to forge a deeper partnership instead of creating new barriers.

Sir Keir Starmer and Donald Trump discussed "ongoing and productive" trade talks in their first call since the US president imposed tariffs on UK goods. The two leaders also talked about the situation in Ukraine, Iran, and Yemen. The discussion focused on bilateral trade, efforts to bring conflict in Ukraine to a peaceful resolution, and regional security in the Middle East.

Donald Trump has stated that he will keep "substantial" 10% tariffs on all goods imported to America, dealing a blow to Sir Keir Starmer’s hopes of eliminating US trade levies. The US President imposed these tariffs as well as 25% charges on aluminium, steel, and cars. Despite some American officials claiming a US-UK agreement could be signed within three weeks, Trump signaled he is in "no rush" to sign trade deals with countries looking to reduce tariffs.

Ford, the maker of America's best-selling vehicle, the F-Series pickup, has informed dealers that sticker prices will increase across its fleet starting in June due to Trump’s tariffs. The price rise will apply to vehicles built after May, while cars already on dealer lots will not be affected.