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

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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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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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Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices

“In a lot of ways it feels like Covid 2.0. So many things are getting disrupted so quickly.” Like so many businesses across Donald Trump’s America, Matt Katase’s craft brewery, Brew Gentleman, is having to contend with a bafflingly uncertain trading environment.

The brewery’s chief operating officer, Alaina Webber, says: “For the first time, as a company in operation going on 15 years, we’ve started to get explicit emails that say: ‘On this existing order, you are now going to see a 30%, then to a 130% increase.’”

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