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US President Donald Trump is announcing a wave of new tariffs at an event at the White House, on what he has dubbed "Liberation Day" Watch BBC's live coverage at the top of this pageTrump unveils a 10% tariff on the UK and 20% on the EU in watershed moment for global tradeTrump says he will start a "golden age" for America and says it's time for the US to "prosper"The president hits out at major trade partners Canada and Mexico, saying their trade practices are "not fair"Trump also announces the 25% tariff on all foreign-made vehicles will begin from midnight local timeTariffs are a tax on goods imported from abroad Trump says tariffs will address "unfair" trade with other countries - a view shared by some US industries - but analysts warn tariffs could push up global price

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Starmer says Trump tariffs will 'clearly' hit UK economy as EU and China vow to respond

Countries around the world are working out how to react to America's huge shake-up of global trade.

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