Has Trump just undone the Chancellor's Spring Statement?
No sooner had the Chancellor sat down after her Spring Statement than Donald Trump announced to the world that he was slapping 25% tariffs on all cars imported into America. Car manufacturers are livid - and scared. And the OBR has warned that if the US goes further and imposes blanket tariffs, they could wipe out any short term prospect of growth in the British economy. With her room for manoeuvre already tight, could Rachel Reeves now have to rip up her latest plans? Are tax rises on the way? And is the UK going to be knocked about at the whim of Donald Trump and whatever he decides next?…
The skinny
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