1 week Ago By Jennie Buzaglo
Good Morning Britain came to a sudden halt as Ranvir Singh shared a "breaking news" announcement. The presenter, 47, hosted Monday's (April 7) instalment of the ITV programme alongside Ed Balls. During the show, Ranvir was forced to interrupt the broadcast with an urgent update.
She began: "The London Stock Exchange has just opened and share prices are expected to suffer further losses following a fall of 20% in the Asian markets in the last few hours. "Global markets are reeling in the wake of US president Donald Trump 's liberation day tariffs that came into effect over the weekend." Ed, 58, continued: "Today Keir Starmer will set out his plans to bolster Britain's coal manufacturer industry which is facing a 25% levy on vehicles sent to the United States.
The prime minister will say we're in a new era of global instability." Correspondent Richard Gaisford shared more on the story live from Solihull, where companies such as Land Rover and Jaguar are based. "These companies are really driving into a dark tunnel at the moment, not knowing when they are going to see light," Richard explained.
He continued: "The prime minister is trying to offer a glimmer of hope for them, relaxing the rules on electric vehicle sales, the amount of cars they need to sell and the different variations of the rules on the type of engines they can include on these cars. "He hopes that is going to give them something of a boost. But it is these big, major, global car companies that are taking the biggest hits at the moment.
" Sir Keir Starmer has said he wants British manufacturers to be at the “forefront” of the electric vehicle “revolution” as he confirmed a raft of new reforms to boost manufacturers in the wake of the levies. A 25% tariff on all vehicles exported to the US came into force on Thursday, while Mr Trump’s 10% tariff on other UK products will hit exports of car parts. Under new measures to be announced on Monday, rules around fines for manufacturers who do not sell enough electric cars will be relaxed, and supercar firms will be exempt.
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