Rachel Reeves asks Trump not to slap car rates in the United Kingdom
Fought chancellor Rachel Reeves has implored Donald Trump not to impose Paralyzing rates on UK car exports next week.
Reeves has revealed that the government is in emergency interviews with the United States to stop the withdrawal, which should come into force next Wednesday.
Announcement of President Trump of a 25 % rate on all cars imports, included by the United Kingdom, is another setback at the Chancellor after spreading Criticize his spring declaration.
Reeves told BBC Radio 4 Today Program The United Kingdom is in “intense negotiations at the moment with our US counterparties” on “Auto and steel and any other type of fare”.
He added: “(The negotiations have been underway since our prime minister, Keir Starmer, went to the White House to meet the President of the United States just a few weeks ago. Those interviews continue.”
When asked if the interviews could lead to the end of the car companies based in the United Kingdom, he replied: “Well, it is the one we are working on. They remain a few days more than such negotiations before these rates should enter”.
He said that Trump was “rightly worried” for countries with great commercial surpluses with the United States. But he added: “The United Kingdom is not one of those countries. We don’t manage a surplus with them”.
The vehicle rates are the last threat to the economic plans of Reeves, which are Under the fire from experts after her ads package on Wednesday.
About four out of five cars made in the United Kingdom are exported and 16.9 percent of the UK car exports was in the United States last year.
In an attempt to avoid being attracted to a commercial war with the United States, Reeves said to Sky News: “We are not currently in a position in which we want to do anything to intensify these commercial wars.
“Commercial wars are not good for anyone. It will end with higher prices for consumers, increasing inflation after working so hard to obtain an inflation socket, and at the same time it will make more difficult for British companies to export.”
He continued: “We are trying to guarantee a better commercial relationship with the United States. I recognize that the week to come is important. There are further ongoing talks today, so let’s see where we arrive in the next few days.”
Figures from the sector organ the Companies of producers and motor traders (SMMT) shows that the United States are the second largest export market after the European Union for cars built in the United Kingdom.
Jaguar Land Rover It could be one of the vehicle manufacturers in the United Kingdom most affected by rates.
Meanwhile, Shadow Chancellor Mel screeches He said it is “very important” that the United Kingdom has a commercial agreement with the United States, which “means that we are protected from those rates”.
He said to itv Good morning Great Britain: “I think it is a balance between us we want to make sure we have the right relationship with America at all types of levels, including safety and the economy, in order to make sure to get the best for our country”.
THE Liberal democratsOn the other hand, they invited the government to “strengthen” and introduce retaliation rates on US car manufacturers such as Tesla.
The deputy leader of the party Daisy Cooper He told BBC Radio 4 Today Program: “I think there is only a language that Donald Trump includes, and this is the language of strength.
“What we liberal Democrats are very worried is that the government’s strategy so far seems to be to curl up in a corner and ask Donald Trump to be kind to us, and just hope that it does not do anything bad.
“This is not a strategy. So, we think the government has to strengthen.
“We think that the government must start preparing for the retaliation rates and that those rates, that preparation, should start by trying to put the tariffs on Tesla cars, because clearly Elon Musk is a huge supporter of Donald Trump, and this is where we would start.”
