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6:31Now PlayingPresident Donald Trump has announced a 25% tax on all car imports and car parts to the US, which are due to come in on 2 April along with tariffs on many other goods. Mr Trump is calling it "Liberation Day".
Chancellor Rachel Reeves says the UK won't impose retaliatory tariffs yet, in hopes of a deal being struck between the two countries.
Sky's Ed Conway explains in more detail the impact the latest tariffs could have.
#skynews #edconway #data #trump #tariffs
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