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

Fire-ravaged Los Angeles weighing on Kings' minds before road game against Jets in Winnipeg
 



... Read More

Tennis star hints at retirement after sickening injury in final | Tennis | Sport
 



... Read More

Scientists thought this Antarctic sea floor would be barren. But it's teeming with life
 



... Read More

Jamie Oliver's chicken pie recipe is the perfect winter warmer - ready in 30 minutes
 



... Read More

‘We will glorify war – and scorn for women’: Marinetti, the futurist Mussolini sidekick who outdid Elon Musk | Art
 



... Read More

I tried a £250 light that helps you sleep, but is it really worth that ludicrous price?
 



... Read More

Man Utd: Ruben Amorim already has replacement as 'Marcus Rashford transfer fee agreed on' | Football | Sport
 



... Read More

Amazon offers the ultimate Ring camera upgrade with ‘best image quality'
 



... Read More