It came as Mr Trump's swingeing new tariffs on imports from Mexico , Canada and China took effect - and all three countries said they would retaliate.
Rachel Reeves, the UK Chancellor, has warned that Britain will not escape the economic repercussions of Donald Trump's trade wars, despite not being directly involved. She highlighted potential impacts such as a slowdown in global trade, reduced GDP growth, and higher inflation. The global stock market has reacted negatively, with experts suggesting a possible "Trumpcession," indicating a potential economic downturn.
