Multiple UK newspapers on 27 August report on the activities of Donald Trump and his administration. i states that White House is expected to express interest in having the UK reduce taxes for US tech firms such as Google, Amazon and Facebook. In return, the trade tariffs that the UK expects to have imposed might be averted. At present, President Trump has declared a 10% tariff on imports of Chinese goods, and proposed a 25% tariff on items arriving from Canada and Mexico. The Guardian states that David Lammy, the UK’s foreign secretary, has cautioned that President Trump’s spending cuts in the international aid budget could help China increase its global influence.
The Sunday Express reports that the foreign office is holding discussions on payouts to the victims of UK-based slavery. The Caribbean Reparation Development Corporation, campaigners for Caribbean nationals who were victims of slavery, is said to be meeting with Lammy’s department to demand compensation. This coincides with the story in the Telegraph reporting on Lammy entertaining similar discussions.
Finally, the Financial Times carries a story on President Trump’s cryptocurrency. Launched with his wife Melania Trump at the beginning of this year, the digital wallet contains so-called “meme-coins” which have no purpose except as items of speculation. However, the wallet has now seen the depositing of more than 700 similar coins “designed to suggest his endorsement,” with fears that Trump is validating increasingly opaque digital currencies
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