honour its tariff deal with the UK, but added that "no one wants a trade war". It comes after US President Donald Trump's announcement of a 15% tariff on all countries from Tuesday. The prime minister's official spokesman said the "majority" of the UK-US deal, such as the tariffs on cars, steel, and pharma, was not expected to change, but described the situation as "evolving" and said discussions between the UK and US were ongoing. Meanwhile, US trade representative Jamieson Greer said on Sunday that trade deals allies had negotiated would still stand.

On Friday, the US Supreme Court outlawed most of the global tariffs that Trump had announced last year, saying the president had overstepped his powers. That ruling affected all tariffs Trump had introduced using the International Emergency Economic Powers Act (IEEPA), which includes all those announced on "Liberation Day" last year. Trump then announced a new 10% global tariff would replace the ones struck down, and on Saturday revised the rate to 15%. That 15% tariff will be introduced as a temporary solution under Section 122 of the 1974 Trade Act. Some products will be exempted under the levy, such as critical minerals, metals and pharmaceuticals. Analysis from think tank Global Trade Alert (GTA), external found that the UK will be among the countries worst hit if the 15% global tariff goes ahead because it had negotiated a 10% tariff deal with the US. Meanwhile, the GTA said countries such as China and Brazil, which currently have higher tariff rates, would be better off. The 15% global levy would be in addition to any other existing tariff. (BBC)