UK, EU Consider Responses to New US Tariffs
UK, EU Consider Responses to New US Tariffs

UK, EU Consider Responses to New US Tariffs

News summary

In response to President Trump's announcement of a 10% tariff on UK goods, Prime Minister Sir Keir Starmer convened a meeting with business leaders to discuss potential impacts and strategies. Starmer emphasized the need for a 'calm, pragmatic approach' and assured that the UK is prepared for all eventualities while prioritizing national interests. Business Secretary Jonathan Reynolds acknowledged the disappointment over the tariffs but noted that the UK is in a better position than many other countries. He stated that the government has planned for various scenarios and will take necessary measures to respond to the situation. The tariffs are part of a broader trade conflict that threatens global economic stability, prompting discussions of countermeasures from the European Union as well. Starmer's administration is focused on securing a favorable economic deal with the US amidst these challenges.

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