Keir Starmer proposes retaliatory tariffs against US

President Donald Trump's recent announcement of a series of substantial tariffs, including a 10% blanket levy on imports from the UK, has sparked widespread concern and debate. While supporters of UK Labour leader Keir Starmer noted that the UK is receiving a lower tariff rate compared to other nations, the economic impact remains a significant worry for British officials. Critics argue that such tariffs could lead to a global trade war with detrimental consequences, reminiscent of the Smoot-Hawley tariffs that exacerbated the Great Depression. In Canada, a counter-movement called 'Buy Canadian' is emerging in response to Trump's tariffs, aiming to diminish reliance on American products. Analysts caution that the long-term effects of these tariffs are unpredictable and could result in widespread economic disruption. The lack of congressional action to revoke Trump's tariff authority has raised further concerns about the potential for escalation in trade tensions.