Sunday newspaper round-up: Trump, Airbus, Tesla
By Alexander Bueso
Date: Sunday 30 Mar 2025
(Sharecast News) - Senior UK and EU diplomats advised the Prime Minister on Saturday to fight back against Donald Trump should he pursue harsh tariffs on British exports. British government officials in Washington and London were in the midst of trying to head-off US trade duties on key UK industries. In particular, there is concern regarding the threat to impose reciprocal 25% tariffs on countries that levy VAT on America's exports. - Guardian
Airbus boss, Guillaume Faury, believes that incoming trade tariffs will create a situation that is either "so bad for both sides that you need to come to a resolution" or provoke major "suffering" among America, thus forcing a compromise. In an interview, he also made abundantly clear that he did not know what exactly the US administration was planning, nor how political leaders in Europe would react. Nonetheless, he was adamant that Airbus could handle whatever was thrown at it and noted that the business had way to adapt, as well as its manufacturing sites in the US. - The Sunday Times
Thousands of protesters rallied in front of Tesla dealerships on Saturday to protest against Elon Musk's role in the US administration's efforts to dismantle the federal government. Over 200 events were planned worldwide with the first events taking place in Australia and New Zealand, and then across Europe and the UK. In Berkeley, California, the carmaker's showroom has been shut down every Saturday over the last month due to protests. - Guardian
Ferrexpo will face the Ukrainian government in an international court as Kyiv continues to try and recoup from its major shareholder, oligarch Kostyantyn Zhevago. Ukraine has previously tried to seize Zhevago's 49.5% stake in the miner. Now it is trying to take a stake in the Poltava mine directly, Ferrexpo's main asset. The miner's other main shareholders include BlackRock, Fidelity, JP Morgan, HSBC and Legal & General. - Financial Mail on Sunday
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