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The business secretary insisted that “America is a friend”, despite Donald Trump slapping a 10 percent rate of all British exports to the US.
Hours after the US president has accused a new era for global trade and abroad for “ripping off” America, Jonathan Reynolds said he was’ disappointed ‘by the charges, but insisted:’ America is a friend, America is our most important ally.
“Our relationship is an incredibly strong economic one, but also a security and a political.”
This comes after Australian Prime Minister Anthony Albanian said that Mr. Trump to clap rates on his land, on the same level as the UK, “was not the act of a friend”.
Sir Keir Starmer also defended the announcement of the US president and said that Mr. Trump ‘acts for his country … and that’s his mandate’. With the recognition that “clearly an economic impact of rates will be, the prime minister said:” Today I will act in Britain’s interests with mines “.
Mr. Trump said his “liberation day” announcement, which threatens a devastating global trade war, is a “statement of economic independence”.
The European Union countries have 20 percent fines, while China will pay 34 percent and Cambodia a striking 49 percent. Switzerland was also hit hard by 31 percent. Taiwan, who is struggling for survival against threats from China, faces 32 percent in the face and India gets 26 percent.
While Britain was saved the worst of the rates, Mr. Reynolds, who led trade talks with the US to ensure an excerpt for the UK, warned to see the lower rate as a victory to the Brexit.
“I think everyone who tries to use it to fight the kind of perennial historical political debates in the UK has missed the point,” Mr. Reynolds told Times Radio.
He added: “This is … a very important change to the way the global trading system functions and the role of the US in it.
‘Of course, I am glad that in the UK we can put our own specific trading policy in our own interest, it is important to me and an important way to deal with these issues.
“But look, it’s much greater than the United Kingdom’s relationship with the European Union and we have to admit it.”
The business criterion insisted that Britain act with a cool chief and urged business leaders not to repay immediately.
Mr. Reynolds said the UK should keep “every available tool” because it is looking for ways to rate Mr. To respond, but that he will remain “engaged while there is the potential for an agreement”.
Conversations continue and Mr. Reynolds said Britain is the best placed in the world to negotiate its way out of the dispute with the US.
After the announcement of Mr. Trump, said a source of Downing Street The independent: “We will continue to negotiate, stay cool and stay calm. We want to negotiate a sustainable trade agreement, and of course to lower rates. Tomorrow we will continue with work.”
After days of building up the US president, markets were made near his big announcement in the Rose Garden of the White House about what he called ‘Liberation Day’.
He was surrounded by his cabinet, members of the congress, senators, car workers and farmers, because he promised to “make America rich again”.
He said: “April 2, 2025 will be remembered forever if the day of the American industry was reborn. The destination of America was recycled and the day we started rich again. Our country has been plundered, pivoted, raped and looted by nations near and far, both friend and foe.
“Americans have suffered really seriously. They looked in angry when foreign leaders stole our work, foreign fraudsters refurbished our factories and foreign scavengers that once tore our beautiful American dream apart.
“Our country and its taxpayers have been ripped off for over 50 years, but it will no longer happen.”
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