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Politics, election latest, Liberation Day: Recession looms in UK as EU flags retaliation against US tariffs

Analysts say a teetering British economy looks likely to fall into recession after Donald Trump's tariffs, and while the UK does not plan to retaliate, EU states are considering their response.

Welcome to The Australian's rolling coverage of day seven of the federal election campaign, plus all the latest news from Canberra and around the country - with the subject of US tariffs  dominating the campaign. Dubbed by Donald Trump as ‘Liberation Day’ for America, and Make America Wealthy Again, Trump announced his new tariff regime from the Rose Garden of the White House this morning.

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Original URL: https://www.theaustralian.com.au/nation/politics-election-latest-donald-trump-open-to-tariffs-deal-dangles-a-50pc-discount/live-coverage/b613e810d5d7b8ae11a4a9b314d54b57