Starmer seeks to avoid Trump’s tariff after “fruitful” conversations with us

Photo of author

By [email protected]


Open the newsletter to watch the White House for free

Sir Kerr Starmer has named Downing Street called “productive” trade negotiations with US President Donald Trump, as he seeks to avoid a collective tariff for British exports as of April 2.

But Whitehall officials have warned that Britain may be subjected to the global definitions of Trump on what the US President calls “liberation day” on Wednesday.

One official said: “April 2 should not be considered the end of the operation. We will continue to speak for the best possible deal for Britain,” said one of the officials.

CurtainAnd, who made regular phone calls with Trump in recent weeks, said that Britain would be “pragmatic and clear” in its response if the exports of cars made in the United Kingdom and other commodities were confiscated by US tariffs.

Although Downing Street made it clear that there are no options outside the table, Starmer has reduced the possibility of the immediate revenge of the United Kingdom, on the pretext that the trade war will not be in the interest of Britain.

The number 10 confirmed that there was a conversation between Trump and Sarmer on Sunday and said: “They discussed the productive negotiations between their teams in the economic prosperity deal in the United Kingdom, and they agreed that this will continue at this week.”

Lord Peter Mandleson, British ambassador to Washington, is seeking to engineer an economic deal that would see Britain stepped down from the mutual global definitions in Trump.

Britain spoke to the Trump team about expanding or destroying digital services tax, which is scheduled to collect 800 million pounds this year and especially affects large American technology companies.

But the UK auto industry told Sarah Jones, Minister of Industry, on Friday that she did not want to see immediate revenge in the United Kingdom if Trump is pressing his threat 25 percent on foreign cars entering the United States.

“Industry does not want a commercial war, but it is important to keep all options on the table,” Starmer said last week.

Instead, auto makers demanded the development of ministers a “totally approach” to support the UK auto industry, including through low energy costs, increased training and better regulation.

The independent budget office, the financial financial agency, warned that the British GDP will be 1 percent lower next year in the case of the “most severe” world trade war.

This would almost eliminate the UK Chancellor Rachel Reeves 9.9 billion pounds from its financial laws, which were announced last week in the spring statement, and increased the possibility that it is forced to raise taxes in the autumn budget.



https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ff74d7a3c-732e-4fdb-8e7d-cc241a98d197.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1

Source link

Leave a Comment