Money blog: Canada hits back against Trump tariffs – as shoppers warned about goods likely to be affected

Analysis: UK is pinning its hope on a US trade deal – an exemption to tariffs will be difficult There was no last-minute reprieve. Despite a last ditch phone call to the White House, Keir Starmer was not able to secure concessions for the UK as Donald Trump imposed a 25% tariff on all aluminium and steel coming into the country. The British government has not given up hope. Today, ministers confirmed they would not retaliate. Instead, they called for “cool heads”, saying they would be taking a “pragmatic approach.” In the background, the government is still pinning its hopes…