Labour threatens to retaliate as Donald Trump unveils 25% tariffs | Politics | News | EUROtoday
Britain goes to “reserve our right to retaliate” to world tariffs imposed by the US, a Labour minister stated. But Treasury minister James Murray added that the UK wouldn’t act instantly and would search a “pragmatic” strategy. US President Donald Trump slapped a 25% tax on metal and aluminium getting into America. Mr Murray stated: “We’re not going to retaliate immediately in that way.”
He stated the tariffs have been “disappointing” however “we want to take a pragmatic approach, and we’re already negotiating rapidly toward an economic agreement with the US, with the potential to eliminate additional tariffs.” Asked whether or not the imposition of retaliatory tariffs would stay on the desk, Mr Murray informed Times Radio: “We reserve our right to retaliate, but we’re very clear that we want a pragmatic approach, working closely and productively with the US.”
UK industries are braced for the influence of the tariffs, which got here into impact at midnight within the US, round 4am GMT.
The EU has already introduced it can introduce counter-measures on American items.
The subject was mentioned in a name between Sir Keir Starmer and Mr Trump on Monday, and ministers and officers have been in frequent talks with their US counterparts because the measures have been first proposed in February.
The Government estimates round 5% of UK metal exports and 6% of aluminium exports by quantity go to the US, though the aluminium business physique stated the US market accounted for 10% of exports – valued at £225 million.
Mr Trump has beforehand threatened to impose tariffs on different nations after which relented, however he stays wedded to the general thought of creating the US richer by taxing imports.
https://www.express.co.uk/news/politics/2025929/labour-donald-trump-tariffs