The UK government is bracing for potential economic impacts from Donald Trump's anticipated tariffs on imported goods, termed "Liberation Day". Prime Minister reiterated cooperation with affected industries and a commitment to economic resilience. Sir Keir Starmer highlighted the need for a steady approach and constructive dialogues to forge a broader prosperity deal with the US. Economic analysis warns that a 25% tariff on car imports could jeopardize 25,000 jobs, risking the stability of the UK car industry. There is, however, potential for growth in green manufacturing sectors, which could be capitalized on by the government's industrial strategy.
"Our decisions will always be guided by our national interest, and that's why we have prepared for all eventualities, and we will rule nothing out."
"Trump's tariffs have huge potential to completely destabilise the UK car manufacturing industry, affecting tens of thousands of jobs and putting the government's growth plans."
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