Jaguar Land Rover pauses shipments to US as Trump says impact of tariffs ‘won’t be easy’ – live | Trump tariffs

Here is a summary of the latest developments so far:

• Donald Trump on Saturday doubled down on the sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity. “We have been the dumb and helpless ‘whipping post’, but not any longer. We are bringing back jobs and businesses like never before,” Trump wrote on his Truth Social platform. “This is an economic revolution, and we will win,” he added. “Hang tough, it won’t be easy, but the end result will be historic.”

• Trump’s 10% tariff on UK products came into force on Saturday, as global stock markets continued to fall in response to the imposition of import taxes. The FTSE 100 plummeted on Friday in its worst day of trading since the start of the pandemic, while markets on Wall Street also tumbled. Australia, Colombia, Argentina, Egypt and Saudi Arabia are also among the countries first hit with the 10% tariff.

• The initial 10% “baseline” tariff took effect at US seaports, airports and customs warehouses at 12.01am ET (0401 GMT). Many other countries will see their tariff rates increase above that next week – including the EU, which will be hit with a 20% rate. A 25% tariff imposed on all foreign cars imported into the US came into effect on Thursday.

• Jaguar Land Rover (JLR) has confirmed it will “pause” shipments to the US in April as it works to “address the new trading terms” of Donald Trump’s tariffs.

• The UK prime minister, Keir Starmer, is expected to spend the weekend speaking to foreign leaders about the tariffs, after calls with the prime ministers of Australia and Italy on Friday in which the leaders agreed that a trade war would be “extremely damaging”.

• Downing Street said that Starmer had “been clear the UK’s response will be guided by the national interest”. A spokesperson said officials will “calmly continue with our preparatory work, rather than rush to retaliate”.

• Ralph Goodale, the high commissioner for Canada in the UK, told the BBC’s Radio 4 Today programme on Saturday that “action taken by the US government is completely illogical”. He added: “It will damage the United States itself.”

• The Italian economy minister, Giancarlo Giorgetti, warned on Saturday against the imposition of retaliatory tariffs on the US in response to Trump’s announcement of sweeping tariffs on trade partners. Speaking at a business forum near Milan, Giorgetti said Italy was aiming for a “de-escalation” with the US. “We should avoid launching a policy of counter-tariffs that could be damaging for everyone and especially for us,” Giorgetti said.

• The stock market plunge has more to do with the emergence this year of China’s DeepSeek artificial intelligence tool than with Trump’s policies, the US treasury secretary, Scott Bessent, said in an interview released on Friday that signalled little concern about the ongoing nosedive. “For everyone who thinks these market declines are all based on the president’s economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek,” Bessent told former Fox News host Tucker Carlson.

• Bangladesh’s interim leader called an emergency meeting on Saturday after textile leaders in the world’s second-largest garment manufacturing nation said US tariffs were a “massive blow” to the key industry. Trump on Wednesday slapped punishing new tariffs of 37 % on Bangladesh, increasing duties from the previous 16% on cotton and 32% on polyester products.

• The Israeli prime minister, Benjamin Netanyahu, is expected to visit the White House on Monday to discuss recently announced tariffs with Trump, three Israeli officials said on Saturday. As part of a sweeping new tariff policy announced by Trump, unspecified Israeli goods exports to the US face a 17% tariff.

• China has taken and will continue to take resolute measures to safeguard its sovereignty, security and development interests, the foreign ministry said on Saturday, citing a Chinese government stance on opposing US tariffs. The US should “stop using tariffs as a weapon to suppress China’s economy and trade, and stop undermining the legitimate development rights of the Chinese people”, the ministry said.

• Nissan Motor is considering shifting some domestic production of US-bound vehicles to the US, the Nikkei reported on Saturday. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the US to mitigate the impact of Trump’s tariffs, the business newspaper said, without citing the source of its information.

• The president of Taiwan, Lai Ching-te, met tech executives on Saturday to discuss how to respond to new US tariffs, promising to ensure Taiwan’s global competitiveness and safeguard its interests. Lai met the executives at his official residence to discuss the response to “the global economic and trade challenges brought about by the reciprocal tariff policy”, his spokesperson Karen Kuo said in a statement. She did not say which companies were present, only that there were several representatives from the information and communications technology, or ICT, industry.

• “Today, America is not only humiliating Iran, but also the world,” the Iranian president, Masoud Pezeshkian, said on Saturday, in an apparent reference to recent policies adopted by Trump, including imposing tariffs on imported goods. Pezeshkian said his country was willing to engage in dialogue with the US as equals, without clarifying whether Tehran would participate in direct talks.

• China has said “the market has spoken” in rejecting Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation. Trump introduced additional 34% tariffs on Chinese goods as part of steep levies imposed on most US trade partners, bringing the total duties on China this year to 54%.

• Away from tariff news, left-leaning organisations in the US say that more than 500,000 people are expected to take to the streets to protest in Washington DC, Florida and elsewhere around the country on Saturday to oppose Donald Trump’s “authoritarian overreach and billionaire-backed agenda”. MoveOn, one of the organisations planning the day of protest they’re calling Hands Off along with dozens of labour, environmental and other progressive groups, said that more than 1,000 protests are planned across the US, including at state capitols.