Trump Threatens Universal Trade Tariffs
Photographer: Al Drago/Bloomberg
Good morning. Donald Trump threatens universal levies while slapping higher tariffs on Canada. Heathrow plans a £10 billion upgrade. And the original Birkin bag fetches €8.58 million at auction. Listen to the day’s top stories.
President Trump threatened Canada with a 35% tariff and floated the idea of universal levies. He spent the week sending missives to trading partners, with letters to members of the EU also expected shortly. And in Brazil, President Luiz Inacio Lula da Silva insisted his country could survive without US trade and would look elsewhere.