Blow For Rachel Reeves As Trump Announces 25% Tariffs On All Cars Imported To America

President Donald Trump speaks to reporters in the Oval Office.

Donald Trump has confirmed plans to impose 25% tariffs on all cars imported to the US in a potentially huge blow to Rachel Reeves.

The American president’s announcement came just hours after the government’s own financial watchdog warned such a move would damage economic growth in the UK and wipe out the chancellor’s spare cash.

Speaking to reporters in the Oval Office on Wednesday, Trump said: “What we’re going to...