China opposed the latest round of tariffs implemented by US President Donald Trump on Wednesday, resulting in a 54 percent tariff on all Chinese imports into the US. At a daily press conference in Beijing on Thursday, Ministry of Foreign Affairs spokesperson Guo Jiakun called the tariffs a method of bullying. Watch here.

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British businesses have warned that they might need short-term support to deal with the impact of Trump’s 10% tariffs, while the UK car industry is facing 25% tariff on their exports to the US.

Speaking to Sky's business correspondent Paul Kelso, some companies say the government are taking the "right approach", while others saying they fear the uncertainty this could bring.

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After Donald Trump announced global tariffs, the UK government has listed products it could target in response.

However, the Prime Minister insists he would much rather strike a deal with the US than escalate into a full-blown trade war as Sky's Beth Rigby reports.

Read more: https://news.sky.com/story/pol....itics-latest-live-st

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