In response to President Trump's tariffs, UK ministers watched anxiously, sensing their position was relatively favorable compared to the EU. However, the announced tariffs will profoundly affect various industries, particularly manufacturing and the car sector. Officials are engaged in intensive negotiations with the US, framing their discussions more like a corporate dialogue than a traditional trade deal. While there’s relief among ministers about their treatment post-Brexit, the overall impact of these tariffs could be deeply disruptive to the UK economy and its global trading relationships.
The tariffs imposed on the UK will have significant effects, with acute awareness particularly about the impact on the car industry and global trading.
Ministers sensed they were 'in the good camp rather than the bad camp,' but the outcomes of President Trump's tariff announcements are still unclear.
The UK negotiating team is in 'pretty intensive' talks with the US, with discussions characterized as more of a corporate conversation than typical trade negotiations.
There's relief among UK ministers about the tariff announcements, yet there is recognition that they will be 'hugely disruptive' to jobs and industries.
Collection
[
|
...
]