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Donald Trump’s tariff can force the government to save the paralyzed British industries. Sir Kerr Starmer did not rule out emergency measures, similar to the 2008 financial crisis.
The Prime Minister said, “All options are still on the table,” and it will put the “national interest” first. His remarks came when the US President prepared to release a global tsunami to punish the definitions “Liberation Day” on Wednesday – although Britain warns that the World Trade War will lead to economic turmoil and make millions poorer. Mr. Trump hosted a White House party, imposing sweeping fees on the goods heading to the United States.
Downting Street did not rule out emergency rescue operations if industries are badly exposed.
Speaking to Mr. Trump’s Great Declaration, the spokesman for the official Prime Minister said: “I will not get details about what is announced later – we will always act in the national interest.
“For example, we have said regarding the steel industry, and the government has obtained an obligation of 2.5 billion pounds to rebuild the steel industry in the UK and support communities now and for generations that reach alongside a wide range of measures that support this important industry.”
Rachel Reeves admitted that the UK is still under the influence of Mr. Trump’s tariff even if it is possible to hit a quick “economic deal” with the United States.
The Sir Kerr government is ready to make concessions to the United States in an attempt to reach a deal, which can reduce the impact of the president’s drawings.
But the counselor acknowledged that the United Kingdom will not be “outside the forest” even if an agreement was reached with the White House due to the global economic storm, and the president’s measures will be launched.
The United Kingdom is not expected to be divided immediately, as Mrs. Reeves insists that the government will not be a “position” in search of a “quick title”.
“We do not want to move here, the prize offered is a good economic agreement between us and the United States.”
“We will not do anything to put it in danger, we will not hurry to work for a quick address.”
She said that the main impact on the British economy will be “global definitions” instead of those related to the United Kingdom, thanks to depressed demand and high inflation in other countries.
The European Union responded with the two counter -conflicts during the first White House period of Mr. Trump. “We do not necessarily take revenge, but we have a strong plan for revenge if necessary,” said committee chairman Ursula von der Lin this week.
“Let’s see how other countries and other commercial blocs respond,” said Ms. Reeves.
In the Prime Minister’s questions, Sir Kerr said that the government is “ready for all possibilities” and is working with companies that are likely to be exposed to definitions.
He told MPS: “The trade war is in the interests of no one and the country deserves – and we will follow – a calm and practical approach,” he told MPS.
For this reason, constructive talks are advancing to agree on a broader economic deal with the United States.
For this reason we are working with all industries and sectors that are likely to be affected.
“Our decisions will always be guided by our national interest, and for this reason we have prepared all possibilities, and we will not exclude anything.”
The auto industry has already learned its fate, with a 25 % tariff on the vehicles that were sent to the United States – something that may cost an estimated 25,000 jobs in the United Kingdom.
The imposition of the broader definitions will make a group of British goods more expensive in the United States, which is likely to reduce demand.
The UK can also become a destination for imported imports from the United States due to the high cost, and the market may be overwhelmed and beaten local producers.
Economists at the Budget Responsibility Office warned that American definitions could eliminate Mrs. Reeves’s “head hall” against her daily spending plans, which requires her to provide more cuts or taxes to meet the rules that she set themselves.
Definitions can come out to 1 % of the size of the UK’s economy if there is a full trade war with revenge from the United Kingdom to Mr. Trump’s measures.
The IPPR Research Institute analyzed the customs tariff for auto imports to endanger 25,000 jobs in the United Kingdom and “destabilize the automotive industry in the UK completely.”
UK negotiators are following an economic agreement with the United States that focuses on technology.
Such a deal may include possible changes to the digital services tax-which imposes a 2 % tax on the revenues of many major American technology companies-in exchange for points of definitions.
Sir Kerr did not deny that changes in digital services tax were being seen.
Reducing access to American agricultural products to the British market can be on the table, although officials insisted not to reduce food standards.
In the House of Commons, Conservative Party leader Kimi Badnosh, Sir Kiir of taking decisions that left the British economy, “exactly fragile as we face global trade wars.”
