[Jimbuna]

Keir Starmer admits UK to be hit by Donald Trump's tariffs in Rachel Reeves blow

Britain is set to be hit by Donald Trump's tariffs, Downing Street has admitted. Sir Keir Starmer's government had been trying to negotiate an exemption from the taxes on imports into the US which come into force later this week.

The US President has announced a 25% import tax will be introduced on all cars imported to the US, a measure expected to hit British luxury car makers such as Rolls-Royce and Aston Martin. The levy is on top of a series of tariffs set to come into effect on April 2, which could include a general 20% tax on UK products in response to the rate of VAT.

Sir Keir Starmer's official spokesman said today: "When it comes to tariffs the Prime Minister has been clear he will always act in the national interest and we've been actively preparing for all eventualities ahead of the expected announcements from President Trump this week, which we would expect the UK to be impacted by alongside other countries.

"Our trade teams are continuing to have constructive discussions to agree a UK-US economic prosperity deal.

"But we will only do a deal which reflects this Government's mandate to deliver economic stability for the British people, and we will only act in the national interest."

Asked whether the Government had given up hope of an economic deal between the UK and the US being signed before Wednesday, the spokesman said he is "not going to put a time frame on those discussions" but that they are "likely to continue beyond Wednesday".
https://www.msn.com/en-gb/money/othe...f1f010d9&ei=94