Trump has vowed to impose 25% tariffs on all cars imported to the US.

Rachel Reeves has hit back at Donald Trump after he confirmed plans to slap 25% tariffs on all cars imported to the United States.

The chancellor warned the president that imposing import taxes on British products “would be bad for the US as well”.

Trump’s announcement came just hours after the government’s own financial watchdog warned such a move would damage economic growth in the UK and

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