good is business today. to have with us, get we start in the us — with a major escalation in the trade war being waged by president trump. to the dismay of neighbour and major supplier canada. the changes take the changes take effect next month. the president also warned effect next month. there could be similar moves to come for other industries including cars and pharmaceuticals. and pharmaceuticals. here's what he had to say.

essentially, we're putting on a 25% tariff, without exception on all aluminium exception on all aluminium and all steel. and it's going to mean a lot and all steel. of businesses are going to be opening in the united states. now, we're going to be four—week period — meeting over the next but first let's focus on steel. and maybe we'll do a couple maybe on a weekly basis, of them at different times, and maybe together — and maybe together — but we'll be talking but we'll be talking about other subjects like cars. about other subjects like cars. we'll be talking about drugs and pharmaceuticals. we'll be discussing chips. and we're going to be doing some other things in addition to that, in addition to that, all of which will bring in all of which will bring in a lot ofjobs into our country. a lot ofjobs into our country. and america is going to be stronger than it ever was before. threats injust a moment —

canadian steel and aluminium is not the issue in the us. of our section 53 tariffs, where we followed their lead that we thought we had a partner up until today. steel analystjosh spoores told us the threat we've already seen steel prices rise, but we expect prices to pick up even faster.

steel mills have been asking for about 15% more today than they received a month ago. and so we expect that to continue. disruptions in here. net imports — the us is a net importer — is typically what sets the domestic price here. that's just going to be the driverfor higher domestic prices. at tariffs on other industries including cars, here's what he had to say on that. almost every one, i would say — almost without exception, they've charged us and we haven't charged them.

it's a very, very... you'll be hearing that word a lot — reciprocal. if they charge us, we charge them. if they're at 25, we're at 25. so, uh... that's having to do with everything — that's not over the next couple of weeks. stephanie rickard is professor of political science at the london school of economics. we've been here before. before, and we know that they have downstream impacts. so estimates suggest that for every one job in us steel there are 80 jobs in downstream industries, industries that use steel as products. so these tariffs potentially raise the cost of steel

and, interestingly, for the relationship between canadian etc, the whole thing is so complicated, isn't it? of the border. it's very complicated and we see goods and parts and, today, he has ripped that up and said you can't trust and, really, canada is in a difficult position and that's very difficult, not only because of the integration

providing steel to americans. do you see that happening? we can look back to when he imposed these types of tariffs during his first administration. we saw 25% tariffs on steel. of us jobs in the steel industry remained relatively unchanged at about 140,000 people. when it comes to what he calls reciprocal tariffs, do you think we will hear more soon about that and, if so, i'm assuming this is

where we'll start to hear the markets are nervous about. he's threatening to impose tariffs on any country that has so i think that everyone will be watching this the bank of england, the international monetary on the impact. and using them in a way that is destructive most notably, it's destructive in the sense that it's

we no longer know if the us trade agreements that they've signed and they've complied with in the past will continue to to rule the game when it comes to trade. uncertainty that we're seeing, and that makes doing business really the devil is the detail. devil is in the detail. stephanie rickard there. as the likely outcome. the dollar has continued to rise — as have metals prices — on the market reaction.

we saw this pattern really in the markets through the end of last year. of course, trump's inauguration, on anticipation of these but what's quite interesting in the markets yesterday, as you point out, there has been a market reaction, days atjust21i hours later. so the market has reacted. as well — gold up — very much, as far as

markets are concerned, and central bankers mode, aren't they? and i knowjerome powell it will be interesting to watch what he has to say, won't it, later. absolutely. consumers or manufacturers pay for steel and aluminium. impact on inflation. for fed policy. of these policies will layer up on top of that. tariffs are delayed. but certainly we will be watching the fed's powell this

about fed policy. bp is expected to reveal a steep fall in profits in the next hour or so. building up a stake — and could force a shake—up at the firm. bp latest numbers are out at 7am london time — a record high today after it announced autonomous driving features on most of its models — including one costing under $10,000. analysts hope the move into "smart driving" will drive rivals such as tesla.

their climate change plans. around the world and across the uk, this is bbc news.

against climate change. to file their plans for cutting greenhouse emissions by 2035 — which the un has described as �*one of the most important policy documents governments will produce this century'. the 2015 paris agreement — just 12 have met the deadline.

agreement. tom mitchell is executive director at the international institute for environment and development — which has been we have countries like new zealand, the marshall islands, uruguay. are so many countries that have missed the deadline. however, it's important to put this in context. is more ambitious. and each of them sets a ten year emissions target. so the plans that are being submitted now are for emissions but equally, these plans are also supposed to be the most

to meet the paris agreement. them off the hook there a little. so some might argue, surely that is realistic yeah, i think we've seen for some time that countries do tend to miss deadlines. the countries meet their deadlines. and in this particular instance, the un has have missed the deadline.

plans by september. in belem in november. and in advance of that meeting, it's really important that countries have submitted their plans, and it gives a clear sense for those negotiators well, it's certainly not a positive signal. around 13% of global greenhouse gas emissions. honour its targets, then

of course it sends a signal they're not doing it, then why should we?" weeks ago, speaking with the presidency and they are absolutely determined to work towards ambition even without the us. and at this stage, you know, we are not seeing a whole raft now, of course, that may still happen, but the brazilians now — is $3,000 an ounce in sight? that's the question gold traders are asking — in the last few hours. gold has had its biggest rally in decades

of the demand for gold at the moment. about possible tariffs on steel and aluminium. and silver into the us. of a shortage in the domestic market here in the uk. but the market at the moment is absolutely on fire. to most certainly challenge that $3,000 level pretty soon.

$3,( is) level pretty soon. $3,( is business atty soon. $3,( is business today. n. afghanistan's women cricketers have vowed to keep after playing their first ever official match. from the icc since fleeing their home country,

but the true victory was the match itself. remarkable story. who escaped to australia. she says the day the taliban returned still haunts her. i lose everything. sorry. take your time. back into power would mean that you would have to leave? are we going to live or die? universities and parks. outside of their homes.

and started to figure out how you set up a backyard sort connect with the players and then try and fight and everyone kept saying it's impossible. international cricket council. afghanistan cricket board. for their development. the afghanistan cricket board, which is the very board is for them to decide how it is spent. the players then wrote a second letter — this time requesting they never received a response. but, right now, all they really want is to be recognised

we asked the icc why it hadn't communicated with the women's team more or supported them. money nor permission to play as a recognised refugee team. this match has sent a big message to those in charge of the sport. afghanistan women belong on the field. unbelievable. like, i can't believe it. now, so it's reality. just sayjust don't give up. however, one thing is certain —

at a time when women jo currie, bbc news, melbourne. cricket�*s forgotten team is available now on bbc iplayer. before i go let's mention these figures we just figures we have just received. the new year sales gave retail infthe 77 infthe uk 77 infthe uk their stores in the uk their growth in almost two according 77 according to the british years, according to the british retail and kpmg, retail consortium and kpmg, showing that total sales across lili< uk and increase 2.6’s the uk and increase by 2.6% year—on—year injanuary one 7 oneproint...7 7 7 j onepzoint...:the j 77 5 one pzoint...:the weakf 5 one pzoint...:the weak71.2% of a year earlier. categories so mw“ 3!! f3tecae= 33 33 growth mw“ 3!! f3t33333 33 33 growth and a'maft 3!! a3t33a33 33 33 growth and only toys a'ma" 3!! 33t33a33 33 33 growth and only toys and sales growth and only toys and baby equipment in apparentlyiyx 3 t3 7 7 apparently. we'll have later on all of that. now it's time for

a look at the weather hello. cloud, mist, rain and drizzle. it felt really chilly with temperatures well below quite strong easterly winds affecting eastern areas of scotland and eastern areas of england, adding to the bitter feel. area of high pressure, which is feeding in these bitterly cold easterly winds. it's going to be like that pretty much all week. and scotland — above around 300—400m elevation. that really is quite high. quite a lot of mist too.

for most of us through the rest of the day. still got those bitter easterly winds. into a bit of sunshine, but otherwise, sunshine we're still stuck underneath that area of cloud into wednesday. 0n into thursday, perhaps a few more breaks just developing around western fringes of england, wales, western scotland, but otherwise, for the vast majority, it's another cloudy day. cold again — 4—6 degrees will be fairly typical for our temperatures.

into the high pressure, so it's going to barely move nevertheless, it could bring a bit of rain across western a few holes into the cloud.

president trump tells hamas to return all hostages the ceasefire agreement. as far as i am concerned, if all of the hostages are not returned by saturday at 12 o'clock — i think that is an appropriate time — i would say cancel and all bets are off and let hell break out.

to stand trial for kissing playerjenni hermoso at the leader in budapest later today. the far—right germen party is expected to come a strong hello. ceasefire deal and let "all hell break out" if all the remaining hostages aren't released by midday on saturday. 73 hostages were taken during hamas�* attack on israel on october the 7th 2023 and three others taken