[ad_1]
Sir Keir Starmer said the “national interest” of the UK must come first amid Donald Trump’s trade wars.
The Prime Minister told Sky News that the UK has the right to respond to rates imposed and threatened by the US president.
This came when Sarah Jones, Minister of Sake, held a virtual meeting with representatives of the automotive industry on Friday. Trump’s decision to set up, to discuss A rate of 25% on all imports of cars from April 2.
The latest politics: many are slightly afraid to try to work, says Starmer says
Talk to Sky News’s political correspondent Ali FortescueSir Keir said: “Obviously, any rates are involved, and we work hard with the industries, the sectors, which are likely to be affected.
‘None of them want to see a trade war, which is why we are working on the United States about softening the effects of rates.
“In the end, our national interest must come first, which means that all options are on the table.”
Mr. Trump’s decision to lay a tariff on cars comes after a levy of the same value is set on all Aluminum and steel imports to the USaffecting the British products worth hundreds of millions of pounds.
The government has tried to maintain a positive relationship with the US president to avoid further rates.
Mr. Trump says the measures are needed to grow the US economy by increasing domestic manufacturing and protecting work.
Use Chrome browser for a more accessible video player
Will there be consequences of Trump’s latest rates?
The British auto industry reacted with concern to the prospect of 25% tariffs.
According to the Association of Car Manufacturers and Traders, the US is the second largest car export market in Britain after the EU, with the export of the UK passenger car to the US worth £ 7.6 billion last year.
Read more from Sky News:
Criminology student was jailed for beach murder
King seen in public for the first time since the hospital visit
WH Smith name to disappear from High Street
Ms Jones said: “We are disappointed with the US decision to impose global rates on the automotive industry and know that it will be extremely worrying for businesses and consumers.
‘But the US is an indispensable ally and one of our nearest trading partners, with £ 1.2Trn invested in each other’s economies.
“Our approach to the US is pragmatic, we keep all options on the table, and we still hold productive discussions on obtaining a greater economic agreement.”
[ad_2]
Source link
