Britain is preparing for a significant economic impact after President Donald Trump announced global trade tariffs that exclude exemptions for the UK. This could result in duties of up to 20%, prompting concerns about a potential 0.6% decrease in GDP, which equates to an £18 billion loss. In response, the UK government is contemplating protective measures, including import quotas to stabilize key industries. Although Prime Minister Keir Starmer has fostered a cordial relationship with Trump, there is increasing pressure to respond effectively while negotiations for a long-term trade deal continue.
Britain faces significant economic challenges as Trump implements global trade tariffs without exemptions, risking a 0.6% GDP decrease and affecting fiscal stability.
Despite prolonged negotiations, the UK failed to secure a trade deal exempting it from new tariffs, leaving officials preparing for potential market disruptions.
Concerns over a flood of cheap imports are prompting the UK government to consider protective measures, including import quotas for key sectors to ensure stability.
While Prime Minister Starmer maintains ties with Trump, there is rising pressure for a stronger response to safeguard national interests amid tariff impositions.
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