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With a die-hard remainer in Washington as UK Ambassador and a committed pro-Brussels PM in Downing Street, it’s no wonder the Brexit dividend of swerving the current outbreak of EU-US trade wars has not been noted by the Labour government. US stocks had their worst day in 2025 yesterday as markets caught severe nerves about the US’s intentions on tariffs – more than $800 billion in market cap has been wiped from the S&P500 – as President Trump blamed “globalists” for the sell-off.
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