British Prime Minister Keir Starmer cautions that new global tariffs imposed by the US will significantly alter trade dynamics and create economic challenges. In an opinion piece for The Sunday Telegraph, he argues that the world now operates on deals and alliances rather than established rules, emphasizing that old economic assumptions are no longer valid. Although the UK has faced only a 10 percent tariff, the broader implications of the US's trade policy may herald a new era of economic isolationism, which he believes will ultimately produce harmful outcomes for all nations involved.
"The world as we knew it has gone. Old assumptions can no longer be taken for granted," Starmer wrote, highlighting the shift in global trade dynamics due to U.S. tariffs.
"Nobody wins from a trade war," he said, describing profound economic consequences from Trump's trade offensive and signaling that all options remain on the table to respond.
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