UK will ‘wait and see’ on Trump’s ‘reciprocal tariffs’ announcement
1 month, 2 weeks ago

UK will ‘wait and see’ on Trump’s ‘reciprocal tariffs’ announcement

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Government will “wait and see” whether tariffs announced by Donald Trump on Thursday “actually come to pass”, a senior minister has said. “We will always stand up for the national interest, it’s a government’s duty to do that, but the best thing in the national interest is to maintain a good trading relationship with everybody that we need to maintain that with, right across the world.” Thursday’s tariffs will not come into effect immediately, with Mr Trump ordering his advisers to carry out investigations into other countries’ trade practices before suggesting what measures to impose. Following the announcement, the British Chambers of Commerce warned that Mr Trump’s plans would “upend established trade norms” and cause “more cost and uncertainty for investors, businesses and consumers across the world”. “If they do not, then sectors such as automotives, pharmaceuticals and food and drink could be significantly hit as higher tariffs inevitably feed through into globally higher prices for consumers.” UK-US trade is worth around £300 billion per year, with Britain importing slightly more from the US than it exports to the country, a fact ministers hope will help secure exemptions from Mr Trump’s tariff regime.

History of this topic

Trump eyes for major escalation in global trade war, presses advisers for tariff escalation ahead of April 2: Report
1 day, 8 hours ago
Britain's hopes of a deal to avoid US tariffs are fading as President Trump's 'liberation day' looms
1 day, 21 hours ago
Keir Starmer warns Donald Trump that Britain could yet hit back against US tariffs as PM says 'all options are on the table' with Labour continuing frantic talks to escape trade levies
Trending News
2 days, 3 hours ago
UK in line for tariff shock: Don't think for a minute that Trump will let Britain off the hook, warns ALEX BRUMMER
2 days, 22 hours ago
Trump announces 25% tariffs on foreign-built vehicles
3 days, 9 hours ago
Trump announces 25 percent tariffs on cars, ramping up trade war
Trending News
3 days, 20 hours ago
Trump threatens 'far larger tariffs' if EU, Canada unite to cause harm to US
Top News
3 days, 20 hours ago
Trump softens stance on ‘reciprocal tariffs’ as April 2 nears, may implement tailored duties: Report
6 days, 11 hours ago
EU delays retaliatory trade action to mid-April to work out the impact of Trump’s reciprocal tariffs
Trending News
1 week, 2 days ago
Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says
1 week, 4 days ago
Donald Trump adamant on April 2 reciprocal tariff plan, vows ‘liberating day for US’
1 week, 6 days ago
Trump vows to respond to EU's shock new tariffs as trade war intensifies
2 weeks, 4 days ago
Donald Trump vows retaliation against EU tariffs: 'Won't be abused any longer'
2 weeks, 4 days ago
UK keeps ‘all options ready’ in response to Trump's 25% steel, aluminium tariffs
2 weeks, 4 days ago
Starmer admits he is 'disappointed' Trump ignored pleas to spare UK from tariffs - as he refuses to rule out hitting back like the EU during PMQs grilling
Trending News
2 weeks, 4 days ago
UK calls Trump tariffs disappointing but doesn’t retaliate
Top News
2 weeks, 4 days ago
Donald Trump makes a U-turn on tariffs for Canadian steel and aluminium, hours after announcing them
2 weeks, 4 days ago
Global trade war escalates as US tariffs on steel, aluminum imports launch
2 weeks, 4 days ago
UK braces for Trump's steel tariffs as Starmer vows 'cool-headed' approach amid market panic over trade war and prospect of US recession
2 weeks, 5 days ago
Trump's tariffs will rock the UK and global economies, warns Bank of England governor Andrew Bailey
3 weeks, 3 days ago
Trump's tariffs threaten to spark a tit-for-tat trade war which will impoverish us all, warns ALEX BRUMMER
3 weeks, 4 days ago
Trump now threatens UK with major tariffs
3 weeks, 5 days ago
Frantic push for a US trade deal to spare UK tariffs after Starmer's White House love-in with Trump - but minister warns NHS access is 'not on the table' and will president demand concessions on food
1 month ago
Trump says UK and US could end up with ‘real trade deal’ and no tariffs
1 month ago
Trump keeps the world guessing about his tariff plan because he’s ‘a little bit superstitious’
Trending News
1 month ago
US to announce 25% tariff on imports from European Union 'very soon': Trump
1 month ago
Trump’s steel tariffs would damage UK and US, says Business Secretary
1 month, 2 weeks ago
‘No more, no less’ – Donald Trump unveils new reciprocal tariff plan
1 month, 2 weeks ago
Starmer on collision course with Trump over VAT and future of Ukraine
1 month, 2 weeks ago
Trump’s VAT tariffs are mad, bad – and dangerous for Britain. Here’s how we bite back
1 month, 2 weeks ago
Government faces VAT challenge as Trump announces more tariffs
1 month, 2 weeks ago
Trump launches reciprocal tariffs
Top News
1 month, 2 weeks ago
Britain at risk of £24BILLION blow to economy: UK could be hit by multi-billion pound raid after Donald Trump vows to impose 'reciprocal tariffs' on countries that charge VAT
1 month, 2 weeks ago
Trump announces sweeping ‘reciprocal’ tariffs that could kick off global trade war
1 month, 2 weeks ago
Trump announces ‘reciprocal tariffs’ targeting allies and adversaries
1 month, 2 weeks ago
President Trump says U.S. 'reciprocal tariffs' to be announced Thursday
1 month, 2 weeks ago
‘Today is the big one’: Donald Trump says reciprocal tariffs coming on Thursday
1 month, 2 weeks ago
Trump Teases Reciprocal Tariffs News, With Potential to Trigger Global Shockwaves
1 month, 2 weeks ago
‘Today is the big one’: Hours before meeting PM Modi, Trump says reciprocal tariffs coming
1 month, 2 weeks ago
‘Eye for an eye tariff’: Ahead of meeting with Modi, Trump may sign new executive order
1 month, 2 weeks ago
‘Eye for an eye tariff’: Ahead of meeting with Modi, Trump may sign new executive order
1 month, 2 weeks ago
'Today is the big one': Trump's announcement on reciprocal tariffs shortly
1 month, 2 weeks ago
UK 'faces £24bn hit to economy' if Donald Trump imposes tariffs to offset VAT
1 month, 2 weeks ago
What Trump’s steel tariffs could really mean for the UK
1 month, 2 weeks ago
Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown
1 month, 2 weeks ago
Mandelson admits concern over looming Trump tariffs and urges UK government to share views in private
1 month, 2 weeks ago
Starmer urged to spell out plan to fight Trump’s tariff trade war
1 month, 2 weeks ago
Trump tariffs would be ‘devastating blow’ to UK steel industry
1 month, 2 weeks ago
Trump allies torn over his tariff strategy
1 month, 2 weeks ago

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