President Trump’s new import taxes are based not on specific goods like cars or steel, but on how he thinks other countries have treated the US.

Film tariffs will form part of trade negotiations between the UK and US after Donald Trump said he would to apply a 100% charge against movies made in foreign countries. Trump said in an announcement overnight that he would apply tariffs to foreign-made films to help America's movie industry, which he said was dying "a very fast death".