Sir Keir Starmer and Donald Trump engaged in their first call regarding trade, focusing on ongoing discussions despite recent tariff implementations on UK goods by the US. Downing Street emphasized the importance of free trade while addressing issues like international conflicts. Despite recent market fluctuations due to tariffs, there was optimism regarding a potential trade deal. However, global trade is expected to contract as highlighted by the World Trade Organization, which prompted the UK to seek a favorable economic agreement with the US to circumvent further tariff impacts.
The leaders began by discussing the ongoing and productive discussions between the UK and US on trade.
Sir Keir is hoping to secure a deal with the US after Trump unveiled 10% tariffs on UK goods.
The World Trade Organization said on Wednesday that global trade will shrink as a result of the tariffs.
The current tariff policy now puts a 10% 'baseline' tariff on all imports from the UK, France and other long-standing trade partners.
Collection
[
|
...
]