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00:00Hello and welcome to the latest Business Bulletin on Thursday 10th April.
00:04The UK government will continue negotiating with the US after Donald Trump announced a 90-day tariff pause for most nations.
00:12The US President's delaying tariffs for most countries for 90 days, but has raised his tax rate on Chinese imports to 125%.
00:20China's responded by raising their general tariff on US goods to 84%.
00:25The precise details of what will happen after the pause are not immediately clear, but the US Treasury said Mr Trump will probably keep his 10% baseline tariffs in place.
00:34Stock markets responded positively to the 90-day pause after days of unsettled trading. Trump has denied making a U-turn.
00:42Talks are continuing to secure the future of British steel and prevent heavy job losses.
00:47The Chinese owner of the Scunthorpe-based business plans to close the blast furnaces and switch to a greener form of production.
00:53UK government officials met with the chief executives of Jingyeh and British Steel on Wednesday for discussions on steelmaking in Scunthorpe.
01:01Both sides welcomed continued cooperation.
01:05Tesco has forecast lower profits this year as a price war among the UK's major supermarkets heats up.
01:11The grocery giant expects to see adjusted operating profit of between £2.7 and £3 billion.
01:17That's compared to £3.1 billion in the most recent financial year.
01:21Surveyors say the housing market was subdued towards the end of March.
01:25The news followed an initial rush to beat the stamp duty deadline at the end of last month.
01:29The Royal Institution of Chartered Surveyors says its feedback from professionals points to house prices flattening out in recent months.
01:37And Sakir Starmer said yesterday the universal theme park deal for the UK will bring jobs and joy.
01:43He called it a win for growth and Britain's global appeal.
01:46The Bedfordshire resort is set to open in 2031.
01:49His comments came amid fresh market turmoil over Trump's tariffs, but that may now subside due to the pause.
01:56That's all for today. More next time.