Downing Street admits Britain will be hit by Trump’s tariffs this week as worldwide trade war looms
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UK to be hit by Trump tariffs this week after negotiations fall through
- Downing Street has confirmed that the UK will be affected by US President Donald Trump's trade tariffs, starting this week, as hopes of securing an exemption before the April 2 deadline dwindle.
- This comes as a setback for Prime Minister Sir Keir Starmer, who has been in “intense negotiations” with Mr Trump.
- Business groups, including the BCC and FSB, are warning that over 60 per cent of their members will be directly or indirectly impacted by the tariffs.
- The tariffs, set to be imposed on a wide range of goods, are causing anxiety in international markets.
- Some experts are predicting a geopolitical shift as a result, with the UK, Canada, the EU, and Australia potentially forming closer trading partnerships.