Jonathan Reynolds says trade deal with Trump still a priority, but reserves right to take action if none is securedBusiness live – latest updatesThe UK has launched a formal process to retaliate against Donald Trump’s tariffs if it does not secure a trade deal with the US, the business secretary has said.Jonathan Reynolds told the Commons he was taking the first step towards retaliatory action against the US so as “to keep all options on the table”. Ministers are preparing to publish a list of US products that may face tariffs later today. Continue reading... ...read more read less