The British Foreign Secretary, David Lammy, expressed concerns regarding US President Donald Trump's tariffs on imports, which may adversely affect the UK's economy and push citizens further into poverty during an ongoing cost-of-living crisis. Despite this, Labour remains optimistic about negotiating a solution with the US administration. Lammy emphasized the UK's commitment to open trade and warned against the risks of protectionism as they engage in discussions to protect British economic interests amid rising prices and tariff implications.
The United Kingdom, like France, is a great maritime nation. We are a nation that believes in open trade, and I regret the return to protectionism in the United States, something that we've not seen for nearly a century. As you know, we are consulting with business and industry.
The British people are very concerned at this time about how this affects the bottom line for them and their economic welfare. We will put their national interest first.
Trump's tariffs threatens the UK's economic growth. Prices will rise and no one will escape the fallout from Trump's tariffs war.
Labour has said they will remain 'cool and calm' as they believe they can work out a deal with Washington.
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