India, March 27 -- The U.K. stock market is down in negative territory on Thursday, mirroring losses across the region, following U.S. President Donald Trump's announcement of 25% tariffs on imported cars.
Trump also posted on his Truth Social Platform that he will impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
European Commission President Ursula von der Leyen said she "deeply regrets" Trump's latest tariffs move. "The EU will continue to seek negotiated solutions, while safeguarding its economic interests," she said.
Meanwhile, British Chancellor Rachel Reeves, who addressed the media in Cardiff following the spring statement, called US-UK trade talks a "delicate moment" but s...