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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House Republican leaders are racing to drag a sweeping bill for President Donald Trump's agenda across the finish line even as some holdouts are dug in and key issues remain unresolved. NBC News' Julie Tsirkin reports on how the bill was passed amid some controversy.

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President Donald Trump's administration has announced a sweeping new tariff of up to 245% on Chinese imports, sharply escalating the trade conflict between the United States and China. The decision, detailed in a fact sheet released late Tuesday by the White House, comes in response to Beijing’s recent export restrictions and retaliatory tariffs.

“China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the White House said, emphasizing the move as part of Trump’s ongoing “America First Trade Policy.”

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