The United Kingdom will not be committed to the “Kneejerk” response to Trump rates, says Minister | Commercial policy
The government of the United Kingdom will not be committed to a “knee” response to the rates imposed by Donald TrumpAs he warned, there will be a “difficult period” in advance in commercial relations with the United States and asked for calm.
The President of the United States will announce his last round of rates Wednesday – which he called “Liberation Day” – arouse concerns for a global commercial war.
The prime minister, Keir Starmer, and the chancellor, Rachel Reeves, will have to face questions from parliamentarians in Parliament before the new early rates that could make their economic plans derail. Speaking before the announcement, the secretary of education said that the government has “worked through any eventuality”.
“We probably recognize that this is a very demanding period,” he told BBC Breakfast. “We have still negotiated in progress with our US counterparties on the assicting an economic agreement, but we will always act in the national interest and in the interest of the British people”.
Phillipson said that the government “would always act in the national interest and in the interest of the British people”, adding: “I think what they want and what business and industry want is for us to maintain a calm and quite pragmatic approach during this period and not engage in a knee response, because the last thing that someone would like is a commercial war with the United States.”
Since it came into office, Trump has shocked the global share markets and has caused the consternation among the corporate leaders by announcing and delaying the plans to impose rates on foreign imports.
The threats have innovated US relations with its greatest commercial partners. The Canadian Prime Minister, Mark Carney, called them “Unjustified” And he said his country would react robust. The European Union claimed to have a “Strong floor” to take revenge.
When asked if the government would have taken into consideration the abandonment of its tax rules in case of exceptional commercial circumstances, Phillipson said that “the tax rules count”.
“They import because we have to demonstrate that we have a clear sense on how we manage public finances,” he told Sky News.
“I think your spectators will have seen in recent years with the Liz Truss government, what happens when you have a government that does not have a grip on public finances and is not willing to make choices on priorities and our tax rules are important and imports.”
Speaking of the government announcement of a maximum of 4,000 new places of childhood assistance in new or expanded school nurseries, Phillipson said that it was the “first step” to reach 100,000 places promised by work last year.
“We know the difference that the education of the first years ago for the possibilities of life of children and even your spectators will know how important it is to access the places of childhood assistance,” he said.
