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.

Rachel Reeves will meet White House officials next week at a summit, as hopes grow that a trade deal with Washington is close. The Chancellor confirmed she will have "conversations with the US administration" when she travels to America for the International Monetary Fund annual meetings. This comes as White House officials believe a UK-US trade deal could be reached within three weeks.

Gold prices have reached a new high, jumping to $3,357.40 per ounce, as investors worry about the impact of the US-China trade war on the economy. The increase follows comments from Federal Reserve chair Jerome Powell that President Trump’s tariff policies could lead to slower growth, higher prices, and increased unemployment risks. Analysts say gold is in "full lifeboat mode" as investors seek safe haven assets during times of economic uncertainty.

Donald Trump met with Italian Prime Minister Giorgia Meloni at the White House, discussing a potential trade deal to prevent the European Union from being hit with Trump's 20% reciprocal tariff. The meeting came after Trump criticized Federal Reserve Chair Jerome Powell on Truth Social, calling him "too late and wrong" for not cutting interest rates. Stocks took a historic tumble following Powell's warning that Trump's tariffs are "highly likely" to cause more inflation, which may have angered the president.