Now, Trump is set to introduce a 25% import tax on all steel and aluminium entering the US, saying onboard Air Force One that these would be for "everyone". In the early days of his presidency, Trump told the BBC that tariffs on EU goods could happen “pretty soon”, but that a deal could be worked out with the UK.

Brief anchors Seana Smith and Brad Smith examine Trump's latest tariff announcements, corporate earnings reports, and IPO market activity. President Donald Trump has announced plans to impose 25% tariffs on all US steel and aluminum imports.

President Donald Trump doubled down on his extraordinary push for more balanced trade, announcing on Thursday a round of new, sweeping reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to America’s rebounding inflation problem.