Percy Pig's ambitious venture into the US market is now facing potential setbacks due to Donald Trump's hefty new tariffs.

Marks and Spencer has excitedly introduced their beloved sweets to Target stores throughout the States. However, the company's chairman, Archie Norman, hinted at second thoughts provoked by these import taxes. He said, "We might have to change our minds" due to the taxes and even went as far as stating that Percy Pig is a "gift to America".

Despite the concern over tariffs possibly inflating the price of these treats, Marks and Spencer isn't planning a withdrawal just yet. Every year, aficionados in the UK snap up over 18 million bags of the sweets.

Meanwhile, Trump's proposed tariff strategy threw financial markets into disarray, stoking fears of impending global economic turmoil, reports the Daily Star.

Stock markets tanked, obliterating trillions from the US stock value when he vowed to slap significant import taxes on goods, with the UK facing a 10% levy.

Unfazed by the escalating alarm, Trump took to social media, declaring: "The operation is over!".

"The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before."

"Make America great again!!".

Still, analysts caution that this trade conflict could prove detrimental to all, especially the US, where it's likely to spike production expenses and consumer pricing alike.

The Lincoln Project, an organization staunchly opposed to Trump, criticized his approach saying: "Trump is a terrible gambler - he bankrupted two casinos."

"Now he's gambling with the world economy and your financial future. It's going to be worse than you think."

The UK is currently deliberating its response, with ministers engaging in discussions with British exporters about potential American products to target with retaliatory tariffs.

A hefty 417-page list of US goods that could be subjected to future tariffs has been drafted, featuring items such as alcohol, beef, cars, cheese, clothing, golf clubs, firearms, sneakers, toys, video game consoles, and more.

Prime Minister Sir Keir Starmer acknowledged the inevitable "clearly there will be an economic impact" but assured that the Government would react with "cool and calm heads".

However, convincing the public may prove challenging as a YouGov poll revealed that two-thirds of people believe the tariffs will negatively affect the UK economy.

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The situation took a bizarre turn on Thursday when it was discovered that the US President had effectively imposed tariffs on a group of penguins residing on the uninhabited Heard and McDonald islands, an external territory of Australia.

Australian Prime Minister Anthony Albanese remarked: "Nowhere on earth is safe."

Adding to the absurdity, an SNP official claimed that the UK received a worse deal on tariffs than the Taliban.

Despite Afghanistan also being slapped with a 10% levy, Trump's tariff board indicated that the country imposes a higher rate on America than the UK.

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The official commented: "Even the Taliban got a better deal than Starmer."

Major brands like Nike, Apple, and Harley-Davidson saw their shares take a hit in America, while London's FTSE 100 Index experienced a sharp 1.4% drop at the opening.

White House Press Secretary Karoline Leavitt has called on traders to keep their faith in President Trump, declaring that the upcoming tariffs are "not a negotiation" and will take effect this Saturday.