Starmer warns US tariffs upend global trade dynamics
Starmer warns US tariffs upend global trade dynamics

Starmer warns US tariffs upend global trade dynamics

News summary

British Prime Minister Keir Starmer has condemned the sweeping global tariffs imposed by the United States under President Donald Trump, stating that they signal the end of the world as we knew it and usher in a new era defined by deals and alliances instead of established rules. In an opinion piece, Starmer emphasized that nobody benefits from a trade war, warning of profound economic consequences as markets react to the new tariff regime, which includes a 10 percent import tax on goods. Despite the UK facing relatively lighter tariffs, Starmer urged for a composed response and called for negotiations that prioritize British business interests. Trump, however, seems unfazed by the situation, expressing confidence on social media that his policies will lead to a historic economic revolution. The UK Treasury chief echoed Starmer's sentiments, suggesting that globalization as previously understood is effectively over. Starmer remains committed to pursuing a fair trade deal with the US, contingent on the benefits to British workers and businesses.

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