President Trump slaps a 25 per cent levy on all car imports to the U.S., sending autos shares sharply lower. European Commission President Ursula Von Der Leyen says the bloc will seek to negotiate with President Trump but vows to protects its own economic interests. Germany’s car industry association says the tariffs are a ‘fatal signal’ for global free trade. UK Chancellor of the Exchequer Rachel Reeves restores her fiscal headroom in her spring statement through a series of cuts but the OBR strikes a sombre note, halving its growth outlook for 2025. And in Paris, President Emmanuel Macron convenes the ‘coalition of the willing’ while Ukraine and Russia continue to accuse each other of breaking ceasefire agreements.

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