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Fears grow over trade war as stock markets fall

Intensive diplomatic efforts and negotiations on a UK-US economic deal are not expected to be enough to spare British exporters from the US president’s tariff plans (Carl Court/PA)
Intensive diplomatic efforts and negotiations on a UK-US economic deal are not expected to be enough to spare British exporters from the US president’s tariff plans (Carl Court/PA) (PA Wire)
  • Keir Starmer assures the nation of preparedness for all eventualities regarding the impending US tariffs announced by Donald Trump, calling for a "calm, pragmatic approach."
  • Global Stock Markets, including the UK's FTSE 100 and Germany's DAX, experience declines amid growing trade war fears.
  • Analysts warn that the tariffs could severely impact the UK car industry, potentially jeopardizing thousands of jobs.
  • Starmer's government is reportedly offering US tech companies tax breaks to mitigate potential tariff damage and is working towards a rapid economic deal with the US.
  • Italy's Prime Minister warns of significant repercussions for Italian exports and the struggling economy due to the looming tariffs.
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