For instance, Smith just ordered a $515,000 machine from Germany that grinds his knife blades to a sharp edge. Trump had imposed a 10% tax on products from the EU that is set to rise to 15% under the trade framework he announced Sunday. So Trump’s tax on the machine comes to $77,250 — about enough for Smith to hire an entry-level worker.

More to do’ on US steel tariffs than Trump and PM can resolve, minister signals - The Prime Minister will attempt to hammer out a deal on steel, and press for action on Gaza when he meets the US president in Scotland.