US President Donald Trump examines an honorary guard at Buckingham Palace on June 3, 2019 in London, England.
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The United Kingdom Business Secretary Jonathan Reynolds said the country faces the “threat” of an open economy from any global outburst from the new Trump Tariff regime, which included a basic 10% “reciprocal” tariff on British goods that were embroidered in states.
The UK escaped relatively intact compared to many other countries, facing the lowest trade tariff that President Trump announced on Wednesday, Thanks to its mostly balanced goods trade with states.
Trade deficits that now manage many trade partners have largely used a white house to calculate which tariff levels should be imposed on certain countries or territories.
The UK recognition was in a better position than many countries, Reynolds still said that Britain was vulnerable to restlessness in other parts of the world affected with higher tariffs, such as the EU that will see 20% levy on the export of goods in the US
“Everything that interferes with the global trade system is a threat to the UK, because we are a much globally oriented trading economy from some partners,” Jonathan Reynolds said on Thursday, said Reuters Reuters
He said that the Government would continue to work on a trade agreement with Trump’s administration and hoped that the tariffs would be revealed. Did not turn off the counter-measures “If we need.”
The UK hoped that the Tariff Trump regime would leave relatively intact compared to other US trade partners, given the more balanced trade relationship between the two countries when it comes to importing and exports of goods.
One of Trump’s longtime mistakes was an American trade deficit with his neighbors and competitors, including Canada, China, Mexico and the European Union.
The UK is already subject to 25% of steel and aluminum imports, which Trump announced in February, together with 25% duties on “all cars not made in the United States”. The latter levy came into force on Wednesday.
Keir Starmer, British Prime Minister, at Downing Street in London on March 31, 2025.
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On the eve of the tariff, Britain hoped to conclude a contract with a white house to avoid new duties, but British Prime Minister Keir Starmer tried to alleviate expectations by saying that the tariffs were still likely.
Starmer said Britain, however, continued to work on an economic agreement with the USA and that “fast progress” had been reached, but warned that the agreement could last time.
“I don’t think no one wants to see tariffs,” Starmer Sky News said on Monday. “We are working hard on the economic agreement that we have made quickly and I hope we can quickly differ,” he said.
“The likelihood is that there will be a tariff. No one welcomes it. We obviously work with sectors that have most influenced the pace on this. No one wants to see a trade war. But I have to act in national interest, which means that all possibilities have to stay on the table,” he added.
Jonathan Reynolds UK’s Minister of Britain on Tuesday insisted on the BBC that current conversations with Trump’s administration meant Britain He was in a “best possible position of any country” to reverse trade duties.