Tuesday newspaper round-up: Tariffs, Elon Musk, public sector wage
By Michele Maatouk
Date: Tuesday 04 Mar 2025
(Sharecast News) - China and Canada unveiled retaliatory measures against the US after Donald Trump imposed his sweeping tariffs plan at midnight US time, despite warnings it could spark an escalating trade war. US tariffs have come into force of 25% against goods from Canada and Mexico, the US's two biggest trading partners, and 20% tariffs against China - doubling the levy on China from last month. - Guardian
Elon Musk's fellowship of the Royal Society remains intact after a meeting of the scientific body, the Guardian has learned, but questions remain about whether further action will be taken. Musk, the Tesla and SpaceX CEO who also owns the social media platform X, was elected a fellow of the UK's national academy of sciences in 2018, apparently in recognition of his work in the space and electric vehicle industries. - Guardian
US nuclear weapons could be set to return to British soil almost two decades after Washington removed its last warheads, satellite images have revealed. The images, published in a report from the Federation of American Scientists (FAS), indicate that 22 previously mothballed nuclear bunkers at RAF Lakenheath in Suffolk have undergone extensive upgrade work. - Telegraph
Taxpayers will foot £24.2bn to cover the billowing public sector wage bill incurred from "Storm Rachel" over the next five years, Telegraph analysis shows. Chancellor Rachel Reeves will hike National Insurance contributions - paid for by employers - from 13.8pc to 15pc from next month, while the threshold at which businesses start to pay will also be dropped. - Telegraph
The cost to consumers of dealing with cabling bottlenecks on Britain's electricity network has risen by 60 per cent to more than £250 million in the first two months of the year as wind farms were paid to switch off and gas plants paid to replace them. The rapid expansion of offshore wind farms to tackle climate change has resulted in turbines being built before Britain's transmission networks have been upgraded to carry all the power that they generate on windy days. - The Times
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