US President Donald Trump and UK Prime Minister Keir Starmer engaged in productive discussions concerning a potential economic deal to alleviate tariffs set to take effect April 2. The US plans to impose a 25% import tax on cars, impacting luxury brands like Rolls Royce. While Starmer reserves the right for reciprocal tariffs, the UK's Office for Budget Responsibility warns that this could be detrimental. The UK seeks to finalize a trade agreement that includes discussions on digital services tax for US tech firms, marking a continued effort to navigate post-Brexit trade relations.
Starmer stated that the UK "reserves the right" to implement reciprocal tariffs against the US if they cannot reach a deal for exemption from tariffs, highlighting the seriousness of the negotiations.
The UK government has, for years, sought to secure a favourable trade deal with the US, particularly after leaving the EU, seeking exemptions from imposing tariffs.
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