World leaders, financial markets respond after Trump's tariffs trigger global economic earthquake![]() How is the U.K. reacting to Trump’s tariffs?I'm Crystal Goomansingh in London. U.K. Prime Minister Keir Starmer says Britain will take a "calm approach” as businesses in the United Kingdom exporting goods to the U.S. face a new 10 per cent tariff. The levy imposed on the U.K. was lower than the 20 per cent placed on the European Union, which the U.K. left on Jan. 31, 2020. "I mean, we have our own trading relationship with the U.S. It is actually a fair and balanced relationship if you look at the numbers and, of course, we've got decades worth of a special relationship with the United States,” Starmer said today in London. Since leaving the EU, the U.K. has been seeking a bilateral trade agreement with the U.S. Members of the U.K. Parliament made several inquiries about how the Labour government plans to protect businesses, manage cost of living and work with international partners in light of sweeping tariffs affecting countries around the world. Jonathan Reynolds, secretary of state for business and trades, told his fellow MPs, "I caution members of this House to keep calm and remain clear-eyed on what is in our national interest, not to simply proclaim that we follow the actions of other countries." Source link Posted: 2025-04-03 15:51:59 |
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