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Trump tariffs cause fastest slump in British factory export orders in five years

Trump tariffs cause fastest slump in British factory export orders in five years

Decline in output and new orders in April allied with rising uncertainty is prompting layoffs, survey finds

Britain’s factories suffered a slump in export orders last month as Donald Trump’s globally unsettling tariff regime sent overseas demand for UK goods tumbling at the fastest pace in five years.

Manufacturers reported rising economic and trade uncertainties in April as some tariffs took effect and other threatened border taxes loomed, forcing them to lay off workers for a sixth consecutive month.

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No Ken do: Trump says US kids may get ‘two dolls instead of 30’ due to tariffs

No Ken do: Trump says US kids may get ‘two dolls instead of 30’ due to tariffs

President acknowledged his tariff war with China could lead to a toy shortage and costlier products

Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls”, but he insisted China will suffer more from his trade war.

The US president has tried to reassure a nervous country that his tariffs will not provoke a recession, after a new government report showed the US economy shrank during the first three months of the year.

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