Great Britain prepared for the worst from the commercial war of “Liberation Day” by Donald Trump
Great Britain “must prepare for the worst” New import ratesForeign secretary David Lammy said yesterday while the world awaits the beginning of Donald Trump’s commercial war.
The President of the United States threatened to impose commissions of 20 % or more on imports around the world with an immediate effect in the measures that should be announced on Wednesday – Wwho nicknamed “Liberation Day”.
The nerve market nervousisms have continued for the potential impact of A Commercial warSince a study has estimated, it could cost the world £ 1.1 trillion.
Only in Great Britain, 25,000 jobs are at risk according to the Institute of Public Policy Research (IPPR) who said that the new commercial policy of the White House “would completely destabilize the United Kingdom car industry”.
In the meantime, Goldman Sachs analysts expected British GDP to suffer a greater blow than previously feared even if a commercial agreement had been agreed in the United Kingdom, due to “larger negative pins” by the rates collected against the European Union. Consequently, the bank now includes 0.8 percent of the UK growth this year and 1.2 percent in 2026, respectively compared to 0.9 and 1.3.
Chancellor Rachel Reeves told a cabinet meeting that there would have been a serious impact from rates.
And while the commercial secretary Jonathan Reynolds tried to be optimistic about the perspective of an agreement in the United Kingdom/-us, it was not able to give a time sequence when one might be completed. The ministers were also forced to deny that the Trump administration was making requests on freedom of speech in the United Kingdom as part of any potential commercial agreement.
Trump previously announced a 25 % import tax on all cars imported to the United States. He also announced similar rates on steel and aluminum.
However, Wednesday’s announcement should be much wider.
While the world is preparing for the impact, Ireland has warned that it could lose up to 80,000 jobs in a “worst scenario”.
In the Chamber of Municipalities, Lammy said that “intense conversations” were still taking place on a possible economic agreement.
The spokesman for the democratic liberal of Foreign Affairs Calum Miller asked if Great Britain were to enter the talks with the EU on a customs union to soften the stroke of the rates.
Lammy replied: “It is extremely important at this moment that we continue the intense conversations that we are having with the American administration to obtain an economic agreement, but obviously we prepare for the worst: all the options remain on the table, as the Prime Minister indicated”.
Previously, Tory Kemi Badenoch’s leader had admitted that he did not try to use his relationship with characters from the Senior White House as vice -president JD Vance to avoid rates.
The researchers of the IPPR warned that the Jaguar Land Rover and Mini employees are some of the most exposed to a potential commercial war.
About 16.9 percent of UK car exports to the United States last year, with a total of over 101,000 units for a value of £ 7.6 billion.
Pranesh Narayanan, colleague of the IPPR research, said: “Trump rates have enormous potential to completely destabilize the United Kingdom car production industry, hitting tens of thousands of jobs and jeopardizing the government’s growth plans”.
In the meantime, a new study warns Birmingham’s Ast Business School estimates that a 2025 global commercial war could cost $ 1.4 trillion (£ 1.1 trillion). The search map six growing scenarios, starting from the US rates on Canada, Mexico and China, through full global retaliation, with wider associated losses.
Previously, Sir Keir Starmer said to Sky News: “The probability is that there will be rates. Nobody welcomes him.
“We are obviously working with the sectors most affected to the rhythm on this. Nobody wants to see a commercial war but I have to act in national interests. 2
He said he hoped that the agreement was negotiated with the United States mitigated the rates.
When asked if he had been “played” by Trump among Sir Keir’s efforts to build a good relationship, the prime minister said: “The United States is our closest ally. Our defense, our security, our intelligence are linked in a way there are no other countries.
“Therefore it is obviously in our national interest to have a close employment relationship with the United States, which we have had for decades, and I want to make sure I have for decades to come”.
He said that the talks on an economic agreement would normally take “months or years”, but “in a few weeks we managed to advance in those discussions”.
