<ul data-eligibleForWebStory="false"><li>The US president has announced a 35% tariff on imports from Canada and threatened to impose blanket tariffs on other trade partners.</li><li>FTSE 100 hit a record high on Thursday but faces uncertainties due to the US trade war with potential tariff increases.</li><li>April saw a decline in the UK economy due to various factors, including legal activities, energy bills, National Insurance increase, and tariff uncertainty.</li><li>UK's upcoming GDP report for May may show a brighter outlook with consumer sentiment improving, potential rebound in activity expected, and anticipation of easier monetary policy.</li></ul>

UK GDP report to show if economy returned to growth in May – business live

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