UK Grapples with Effects of Trump Tariffs and Declares End of Globalisation
The UK government, led by Prime Minister Keir Starmer, is responding to the recent imposition of tariffs by the Trump administration, which many believe signals the end of the globalisation era. Starmer is expected to announce measures aimed at protecting UK businesses from the fallout of these tariffs, which could cost the country up to £22 billion. While some UK exporters hope to find competitive advantages in this new landscape, others are anxious about the repercussions on jobs and economic growth. Starmer and his treasury ministers are engaging in discussions with world leaders to mitigate the impact, even as they emphasize the need for a stable economic deal with the US. The political discourse suggests a cautious approach to retaliation against US tariffs, while David Lammy argues that the situation is not directly tied to Brexit. As the tariff storm brews, the UK is preparing to shield its industries while recognizing that the trade environment has fundamentally changed.
BBC, Fox News, Bloomberg, The Washington Post, The Independent, Channel 4, The Telegraph, The Guardian, politico.eu, Mint