Trump announces 25% tariffs on car imports to U.S.

From the BBC World Service: The global auto industry has been rocked by sweeping 25% tariffs on all imports of cars and car parts to the United States under President Donald Trump. Then, Britain is facing issues familiar to many major economies, including a stretched budget, but the U.K. finance minister has set out how she plans to keep the finances in the black — all while upping defense spending.