Tony Blair urges Starmer not to avenge the Trump rates
Gentleman Tony Blair he urged Sir Keir Starmer not to take revenge Donald Trump’s ratesBy saying that such a move would not be in the “best interests” of the United Kingdom.
He arrives while the officials climb to respond to the news that British exports to the United States would have faced a 10 %blanket, The sending of global markets that touches and unleashes the fears of the chancellor fiscal head could be swept away.
In a rare intervention, the former prime minister told King’s College London students to support Sir Keir’s “Cool Heads” approach to Trump’s liberation day, and did not really understand the intellectual topic behind the tariff policy.
“I don’t think it’s in the best interest in the United Kingdom to take revenge,” he said, but admitted that he did not know where the developments of the rates would end.
While the President of the United States greeted what he nicknamed “Liberation Day” by introducing by sweeping rates In most countries of the world, Sir Keir insisted that nothing was out of the table and repeatedly appealed to calm while the talks to secure a commercial agreement dragged.
Late on Thursday the The government threatened to hit the United States with retaliation rates If the United Kingdom cannot conclude a commercial agreement, but when Blair spoke at the beginning of the day, the government has so far abstained from publicly making these threats.
The ministers started watching possible retaliation actionwith the officials who now work 417 pages of products They could hit with taxes. The list includes everything from Harley Davidson’s whiskey bourbon.
Reynolds said that the United Kingdom must maintain “every available tool” as it seeks ways to answer, but said that “it would remain involved while there is the potential for an agreement”.
While initially it was hoped that an agreement could be concluded before the rates were imposed, officials still hope that an agreement can be reached. Treasury Minister James Murray reiterated that position on Friday, saying that officials are “negotiating intensely”.
But also with an agreement, the global impact of Wednesday’s rates should cause significant economic shock in the United Kingdom.
The economic impact of the rates could already be heard, with the equity markets that fall all over the world. The FTSE 100 went down to a minimum of three months on Thursday, while in the United States, the Dow Jones Index underwent the worst day since 2020, falling by almost 4 % while Barclays analysts said that there was a “high risk that the American economy will enter a recession this year”.
Referring to the threat of President Trump to leave the guarantee of European security under NATO, Blair also said that after the Kosovo war in 1997, he had tried to support the case for the strongest European defense Because “I became clear to me that we could never have done it without the Americans. I thought:” It is crazy – what happens if the Americans decide not to want to be part of it? “”
He told the students: “But it was involved in a lot of Eurosceptic topics”.
