UK not exempt as Trump’s tariffs to hit ‘all countries’ this week
Starmer and Trump hold 'productive negotiations' between US and UK trade deal
Downing Street says the UK will be affected by Trump's trade tariffs, despite negotiations and a recent phone call between the US President and Prime Minister Keir Starmer.
This comes as a setback for Starmer, who had hoped to secure an exemption for UK businesses.
Business groups, including the BCC and FSB, warn that more than 60 per cent of their members will be directly or indirectly impacted by the tariffs.
International markets tumbled on Monday as Trump confirmed that tariffs will be imposed on "all countries."
Experts predict a geopolitical shift, with closer trading partnerships between the UK, Canada, the EU, and Australia as a potential consequence of the tariffs.