Jaguar Land Rover makes a US shipping break while Starmer Plot for the 10% Trump rate
Jaguar Land Rover is Pause the shipments to the United States while working to “face the new trading terms” in the wake of Donald Trump 10 % rates on British goods enter into force.
Gentleman Keir Starmer He had to spend the weekend Make back-to-back calls to world leaders on the ratesAfter talking to the Australian Prime Minister, Anthony Albanian, and the Italian Prime Minister, Giorgia Meloni, Friday. In those calls the leaders agreed on the fact that a total ” Commercial war It would be extremely harmful. “
Sir Keir was “clear that the UK response will be guided by the national interest” and officials “would continue calmly with our preparatory work, rather than hurrying to take revenge,” said a spokesman n. 10.
Saturday afternoon, Jaguar said that “he was taking some short-term actions including a shipping break in April, while we develop our medium-termland plans”.
Jlr stressed that the United States is an “important market” for his cars and the difficult decision arrives while companies continue to take me in search of the new commercial rules and the repercussions on global share markets.
THE prime minister so far it has been reluctant to take revenge after Trump has imposed the tax on exports of the United Kingdom to the United Statesinstead promising to adopt a “fresh and pragmatic head approach” to the conflict.
And, with the company groups that support the Prime Minister’s approach so far, he is given up this weekend for diplomatic calls while the world leaders coordinate their response to rates.
The standard rate of 10 % on goods imported from all over the world entered into force shortly after 5 on Saturday of the United Kingdom. Other countries will see their tariff rates increase above that next week, including the EU, which will be hit with a 20 %rate.
On Thursday a 25 % tax entered into force on all imported cars.
The beginning of what promises to be a commercial war saw the FTSE 100 He suffers from his worst day from the beginning of the pandemic, decreasing by 4.95 percent on Friday. The global markets also collapsed, with Wall StreetThe Dow Jones index that drops by 5.5 percent and the European and Australian actions precipitated.
In the most recent of his calls with world leaders, Sir Keir spoke with the French president Emmanuel Macron Saturday, with the couple agreeing on a commercial war “is in anyone’s interest”
But, in a sign that the couple is willing to increase their response to the President of the United States, a Downing Street spokesman said he agreed “nothing should be out of the table”.
The spokesman added: “The prime minister and the president also shared their concerns about the economic and global security impact, particularly in the South -est Asia”.
Downing Street He also said that in Sir Keir’s talks with Mr. Albanian and ms Melons On Friday, it had been “clear that the UK response will be guided by the national interest”.
A spokesman said the officials “will continue calmly with our preparatory work, rather than hurrying to take revenge.”
The spokesman added: “He discussed this approach with both leaders, recognizing that while the global economic landscape moved this week, it was clear for a long time that the related countries must maintain strong relationships and dialogues to guarantee our mutual safety and maintain economic stability”.
Sir Keir will carry out further calls to counterparts all over the world during the weekend, while talking about a commercial agreement with the United States.
Commercial secretary Jonathan Reynolds He hopes that a new commercial agreement with the United States will see the 10 % tariff rate on the United Kingdom lowered or abandoned completely. The officials had hoped that an agreement could be concluded before the rates entered into force, but will continue to try to end an agreement in the next few days and weeks.
Reynolds also warned that ministers examine “possible retaliation actions” while officials work through 417 pages of products that could direct in a list that includes everything from whiskey bourbon to motorcycles.
The government has published an “indicative list of potential products that the government considers most appropriate for inclusion” in any fight.
Reynolds, who set an deadline of early May for consultation, also said that any action would “stop” if a commercial agreement had been concluded.
Chancellor Rachel Reeves On Friday he said that the government is “determined to get the best deal we can” with Washington.
“Of course, we do not want to see rates on the exports of the United Kingdom and we are working hard as a government under discussion with our counterparts in the United States to represent the British national interest and support British work and the British industry,” said Chancellor.
THE Liberal democrats They said that the “government attempts to appease the White House” do not work and invited the ministers to coordinate a response with the allies.
“We have to put an end to this commercial war as quickly as possible,” said the spokesperson for the Foreign Affairs of Lib Dem Calum Miller.
He added: “The best way to end this crisis is to stand on the shoulder with our European friends and the Commonwealth. We must coordinate our response and strengthen our commercial relations with our reliable allies. This is how we can protect our economy from Trump’s bullying”.
In a post on Truthsocial, Trump said that the United States had to “hang” in the face of commercial changes.
“The great business are not worried about rates, because they know they are here to stay, but are concentrated on the great and beautiful deal, which will strengthen our economy,” he said.
