Trump says US will unilaterally set new tariff rates for scores of countries

President says letters revealing rates will be sent out within weeks as Washington lacks capacity for individual dealsBusiness live – latest updatesDonald Trump has said the US will send letters to some of its trading partners to unilaterally impose new tariff rates, suggesting that Washington lacks the capacity to reach individual trade deals.Highlighting the challenge for the White House to negotiate deals with scores of countries at once, Trump said it was “not possible to meet the number of people that want to see us”. Continue reading...

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Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt

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