Trump’s Tariffs Impact Markets, Tesla Sales Decline & More

Trump’s Tariffs Disrupt Global Trade

Business groups warn that President Donald Trump’s new tariffs will severely impact UK companies, which are already facing slow economic growth. Investors are reacting to these trade policies, causing financial market instability.

Trump confirmed a 10% tariff on UK goods imported into the US, along with a 25% import tax on steel, aluminum, and automobiles. Analysts predict further disruptions in global trade, which could increase economic tensions between the two countries.

In response, the UK Prime Minister will meet with business leaders, while the Trade Secretary plans to address market concerns. Jonathan Reynolds spoke in Parliament, calling the tariffs a major “challenge” and a “disappointment” for the UK economy.

Healthcare Investment Battle: PHP Competes for Assura

Primary Health Properties (PHP) has submitted a cash and share proposal to acquire healthcare investment firm Assura. The offer competes with a £1.6 billion takeover bid from a private equity consortium. PHP values Assura at £1.5 billion, setting the stage for a competitive acquisition.

Tesla Sales Hit Three-Year Low

Tesla reported a 13% drop in first-quarter sales, marking its lowest level in nearly three years. The decline follows international criticism of CEO Elon Musk, changes to Tesla’s flagship model, and weaker demand in China. Experts believe these challenges could affect the broader electric vehicle market.

Currys Reports Strong Profits

Retailer Currys expects full-year profits to surpass previous forecasts, thanks to strong trading performance in the UK and Nordic markets. With less than five weeks left in the financial year, the company now predicts a group-adjusted profit before tax of £160 million.