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Sir Keir Starrer referred to the Downing Street as a “productive” trade negotiations with US President Donald Trump when he would like to avert the punitive tariffs for British exports on April 2.
However, the officials of Whitehall pointed out that Great Britain could be hit by Trump’s global tariffs threatened by what the US President calls the “day of liberation” on Wednesday.
An official said: “April 2 should not be seen as the end of the process. We will continue to speak to achieve the best possible offer for Great Britain.”
RigidThe person who has been on the phone regularly in the past few weeks has said that Great Britain would be “pragmatic and clear eyes” in his answer if the exports of cars and other goods produced in Great Britain are hit by US tariffs.
Although the Downing Street has made it clear that there are no options in the table, Starrer played the prospect of immediate British retaliation and argues that a trade war would not be in the interests of Great Britain.
Number 10 confirmed on Sunday that a conversation between Trump and Starmer had taken place and said: “They discussed the productive negotiations between their respective teams with an economic prosperity company in Great Britain and approved that they will continue this week at speed.”
Lord Peter Mandelson, Great Britain’s ambassador to Washington, tries to develop an economic agreement in which Great Britain enables Trump’s threatened global tariffs.
Great Britain has spoken to the Trump team about resetting or the axes of its digital service taxes, which collect 800 million GBP this year and particularly affects large US technology companies.
But the British auto industry, Sarah Jones, the Minister of Industrialists, announced on Friday that she did not want to see immediate British retaliation when Trump progresses with his threat of 25 percent tariffs for cars made abroad.
“The industry does not want a trade war, but it is important that we keep all options on the table,” said Starrer last week.
Instead, the car manufacturers have asked for the ministers to develop a “holistic approach” to support the British auto industry, including lower energy costs, increased training and better regulation.
The independent office for budget responsibility, the fiscal guard, has warned that GDP Great Britain would be 1 percent lower next year in the event of a “severe” global trade war.
The British Chancellor Rachel Reeves from 9.9 billion GBP in the squad area would be against her tax rules, which was announced last week in the spring declaration, and the likelihood that she would have to increase taxes in an autumn budget.