UK Prepares to Safeguard Industry amid US Tariff Shifts
UK Prime Minister Keir Starmer responded to US President Donald Trump’s new tariffs, warning that long-standing assumptions about global trade are no longer reliable. In an op-ed for The Sunday Telegraph, Starmer remarked, “The world as we knew it has gone,” emphasizing the shift from traditional trade rules to deals and alliances that will shape the future.
He stressed that Britain must remain pragmatic, with cool-headedness and a sharp focus on national interests. While acknowledging that "nobody wins from a trade war," he assured that the UK would maintain composure and fight for the best possible deal. However, he made it clear that any US trade agreement would only proceed if it aligns with British business interests. "All options remain on the table," he said, referring to the 10% tariffs on UK goods.
In light of these new tariffs, UK luxury carmaker Jaguar Land Rover announced it would temporarily halt shipments to the US starting in April, pending the new trade terms. Starmer acknowledged the need for state intervention to protect certain industries, and revealed plans to accelerate efforts to enhance the UK's domestic competitiveness. "We stand ready to use industrial policy to help shelter British business from the storm," he said, recognizing the world’s rapid changes and the necessity of adapting to new economic realities.
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