Starmer ‘assessing all options’ as Trump delivers tariff blow – The Telegraph
Source Link
Excerpt:
Sir Keir Starmer is “assessing all options” after Donald Trump said there would be no exemptions to his metal tariffs, Downing Street has said.
The Prime Minister is “keeping all options on the table” after the US president said he had “no intention” to allow exemptions to his 25pc levies on steel and aluminium, which came into force last week.
Mr Trump’s comments complicate Britain’s growth outlook as Chancellor Rachel Reeves prepares to deliver her Spring Statement where she is expected to announce cuts to public services in response to weakness in the UK economy.
The OECD today downgraded Britain’s growth outlook for the next two years over concerns about the impact of the US president’s global trade war.
Unlike the EU, Britain refrained from imposing retaliatory tariffs when the US import taxes came into effect last Wednesday.