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PRESS DIGEST-Financial Times - April 10

ReutersApr 10, 2025 2:21 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- British Steel prepares to idle one of its two blast furnaces

- Keir Starmer shifts focus in US trade talks to cutting 25% tariff on UK cars

- UK and India rush to secure trade deal after Trump tariffs

- Prada cuts Versace purchase price by $200 million after Trump tariffs

Overview

- British Steel is preparing to idle one of its two blast furnaces as early as next week to preserve critical raw materials as crunch talks with UK ministers to stave off a collapse are set to continue for a second day.

- British Prime Minister Keir Starmer has shifted his focus in U.S. trade talks to cutting the 25 % tariff on British cars, admitting he did not know if he could persuade U.S. President Donald Trump to axe his new 10% tariff on all British imports.

- Britain and India have held talks on closer financial co-operation as they rush to secure a trade deal, with officials in New Delhi saying U.S. President Donald Trump's trade war has put new impetus behind negotiations.

- Italian fashion group Prada 1913.F is closing in on the purchase of Versace after negotiating a discount of more than $200 million, due to the impact of U.S. President Donald Trump's trade war.

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