Trump Tariffs Ultimo: Starmer insists in the UK “prepared for all the possibilities” as the fear for the commercial war grow up

Our political correspondent Archie Mitchell Reports:

Sir and Davey has again challenged Sir Keir Starmer’s approach to Donald Trump, urging the prime minister to form an “economic coalition of the will” to fight the rates of the President of the United States.

The liberal democratic leader repeatedly urged the prime minister to take a more solid position against the White House under Mr. Trump.

Sir Keir said Sir and tried every week “to try to make a false choice between our relationships with the United States and with other countries, in particular Europe”.

“We have a good dose of commercial relations with the United States and our interests are better served trying calmly to guarantee an agreement that is in our national interest,” said Prime Minister.

He refused the calls of Sir and to launch a commercial war with the United States in retaliation against the rates of Mr. Trump, reaching his plan to try to negotiate a cutout for Great Britain from samples.

Sir Keir Starmer opened this week’s prosecutor of Donald Trump’s incumbent rates.

The prime minister said to the municipalities: “We prepared ourselves for all the possibilities in view of the confirmation of the US tariffs later today.

“Let me be clear with the house, a commercial war is in anyone’s interest. The country deserves – and we will take – a calm and pragmatic approach.

“That’s why the construction talks are proceeding to agree on a wider agreement of economic prosperity with the United States. That’s why we are working with all the sectors and sectors that could be affected.

“Our decisions will always be guided by our national interest, and that is why we have prepared ourselves for all the possibilities – and we will not exclude anything.”

Goldman Sachs has downgraded his forecasts for the economic growth of the United Kingdom following the early US tariffs by Donald Trump.

The United Kingdom should now see a growth of 0.8 percent this year, decreasing compared to 0.9 – and 1.2 percent in 2026, decreasing compared to 1.3, according to the bank.

The following graph illustrates the quarterly economic growth of the United Kingdom in recent years:

Our business and money editor Karl Matchett He writes:

For any novice, occasional or new investors out there, it might seem a slightly frightening time given how great technological actions have decreased in the last two months, how much emphasis is placed on a figure like Trump and seeing the actions of the United Kingdom disappear today. But it is important to sometimes remember how this that investments is a long -term process and, where possible, removing the emotion from the occasion is a good stratagem.

Nina Stanojevic, Senior investment specialist at St. James’s Place, offered a reminder of the need to take a step back.

“With the uncertainty of the market that should reach the peak around the” day of liberation “of President Trump, investors could be forgiven for having heard a sense of panic at the impact of the rates provided for their wallets,” said Stanojevic.

“Despite this, although it is important to remain vigilant for the tail of risks – low probability but events with high impact – it is essential that investors remain disciplined and avoid making impulsive rectifications of the portfolio in response to short -term turbulence. Long -term portfolio.”

In more simplistic terms, if you are worried about short -term falls on whole markets … zoom. The many years of image gives an idea of ​​how it can bounce.

According to reports, Sir Keir Starmer is not planning to speak with Donald Trump in view of the announcement of the rates of the President of the United States tonight, with all hope of a concession of the last cash on the fading of taxes on exports to the United Kingdom.

Times‘Political publisher Steven Swinford Indicates that, although the prime minister does not intend to call Mr. Trump today, there are hopes that an economic agreement with the United States can be signed as soon as next week, with sources that report to speak of “days or weeks”.

Conservative leader Kemi Badenoch said that the United Kingdom government should not take revenge on the looming rates of Donald Trump.

Speaking with LBC Tuesday, the leader of Tory said that a commercial agreement was the “best way” to avoid rates and that the retaliation would make everyone poorer “.

Karl Matchett, editor of our business and money, reports:

Nobody is playing how serious it could be today. It is not just about what Trump, or America will do to imports, but it is also the chain effect on US exports.

John Denton, general secretary of the International Chamber of Commerce, explained how nations that apply mutual rates can “represent the largest escalation in the US tariffs in the last century”.

Pushing leaders to focus on the conversation instead to simplify international trade rather than support additional costs on it, the ICC makes an important note in a document of analyst who “in most cases the rates act as a regressive tax paid mainly by domestic consumers with a lower income, create interruptions of the supply chain and contribute to the increases in prices”.

In other words, Trump will make the goods more expensive for the wealthy minimums in his country to start and the rates have not usually contributed too much beyond inflation and hindering the flow of materials all over the world.

“Our initial modeling of potential implications suggests that the percentage of imports in the United States which are subject to duties could increase from about 30 % to over 90 % and take on the effective US tariff rate from 2.4 percent to over 20 %,” added Denton.

“The scope and scope of this tariff excursion significantly exceed the notorious Smoot-Hawley Act of 1930 and would position American exports worth more than $ 1.6 billion at risk of some form of commercial retaliation.

“There is a clear systemic risk for the global trading system if the US mutual rates trigger a tit-per-tat commercial war that involves more important commercial partners.”

The US rates on cars imports could put 25,000 jobs in the United Kingdom at risk and “completely destabilize the UK car industry”, suggested the Think-Think IPPR (Institute for Public Policy Research).

With Trump who plans to impose a 25 % rate on imports of cars and cars, researchers have warned that Jaguar Land Rover and Mini employees are some of the most exposed. The United States are the second largest export market after the European Union for cars built in the United Kingdom.

About 16.9 percent of UK car exports were in the United States last year, with a total of over 101,000 units for a value of £ 7.6 billion.

Pranesh Narayanan, Ippr’s research companion, said: “Trump rates have enormous potential to completely destabilize the United Kingdom’s automotive production industry, affecting tens of thousands of jobs and jeopardizing the government’s growth plans.

“However, when one door closes another opens. There is a huge potential not exploited in the production of green planes, trains and cars and selling them at home and abroad.

“If the government uses the next industrial strategy to guide investments in these sectors, this could be the spark that leads thousands of new consumers to start buying British and buying green”.

Our political publisher David Maddox Reports:

Today it will be of frustration and anxiety for Keir Starmer and a collection of other leaders all over the world.

They know that something will happen with rates, but they are not yet sure of what, everything they know is that it will have a bad impact on the United Kingdom and other economies.

The problem is that only one many know what will happen and this is Donald Trump.

This led to the surprising admission privately that the government of the United Kingdom may have been in force to talk to the wrong people by committing itself with the true commercial secretary of Trump Howard Lutnick.

But even with known unknowns it is obvious for all those who at 21:00 in the United Kingdom, when Trump makes his announcement, the world order will be worn in a way that has not happened first from the Second World War.

Sir Keir will turn off that he can make him as temporary as possible for the United Kingdom, but even if he manages to obtain a sort of commercial agreement it is unlikely that things will never be the same.

The value of the pound has remained stable so far this morning, with the global markets in limbo in front of the tariff announcement of Donald Trump.

Sterling was flat at $ 1,2921, around the level he exchanged in mid -March. The euro was about 0.1 percent higher than the rush to 83.56 pence.

“Trump explicitly opened up to a commercial agreement with the United Kingdom in the previous months, putting British exports to reuters in the front of potential exemptions if the negotiations followed today’s announcement,” Francesco Weighs, a strategist of Currency at Eng.

“More markets will see space for the announcement of the initial rates that is watered through negotiations, plus pounds can exceed the euro.”