Crucial exporters to the US such as Taiwan, the world’s most important semiconductor exporter, will incur steep new levies.

UK investors have been buying gold coins in record numbers this year to mitigate against rises in capital gains tax and to cash in on the surging price of the precious metal.

Donald Trump’s envoy Steve Witkoff and the US ambassador to Israel travelled to Gaza on Friday to visit an aid site run by the controversial Gaza Humanitarian Foundation, defending the scheme as ...