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Trump raises US tariffs on South Korea imports to 25%
US President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of “not living up” to a trade deal reached last year. In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber,…
Interest rates expected to be held as Budget looms
Kevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are widely expected to hold interest rates at 4% following their final meeting before the chancellor’s Budget. Some Bank watchers have suggested that the latest inflation data could strengthen the case for a cut, but most commentators think such a move is…
Trump administration to roll back fuel economy rules set under Biden
Natalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
