Starmer warns Trump over looming car tariffs, seeks trade deal
Starmer warns Trump over looming car tariffs, seeks trade deal

Starmer warns Trump over looming car tariffs, seeks trade deal

News summary

UK Prime Minister Keir Starmer has expressed concerns over President Donald Trump's impending 25% import tax on cars, which is set to take effect soon. While acknowledging the tariffs are concerning, Starmer emphasized that the UK will not engage in a trade war but will seek to manage the situation through ongoing discussions with the US. He indicated that all options remain on the table regarding the UK's response if negotiations fail, though he reiterated the importance of avoiding escalation. The UK automotive sector, particularly manufacturers like Aston Martin and Jaguar Land Rover, could be significantly affected, with the potential for price increases and economic repercussions. The government's stance reflects a desire to prioritize national interests while maintaining close trade ties with the US. Additionally, the Chancellor warned that a full-blown tariff war could negatively impact the UK's GDP and economic stability.

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2
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Last Updated
20 days ago
Bias Distribution
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