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UK could be dragged into Trump's trade war, admits Business Sec ahead of talks

Business Secretary Jonathan Reynolds admitted that the UK might be affected by Donald Trump's trade war and is working to reduce potential impacts on the UK economy.
Reynolds stated he cannot guarantee that the UK can avoid the proposed tariffs, particularly regarding medical and pharmaceutical exports worth about £8.8 billion annually.
The UK government has warned that US tariffs on British steel imports could be damaging for both nations, emphasizing a mutual interest in avoiding a 25% tax, set to begin in March.
UK Steel called Trump's planned tariffs a 'devastating blow,' as they could significantly impact the industry's £400 million-a-year trade with the US.

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Digi 24

What concessions could Brussels make to get Donald Trump to give up the trade war with the EU?

EU trade chief Maros Sefcovic flew to Washington on Tuesday with a suitcase full of offers, hoping he can buy peace with United States President Donald Trump and thus avoid escalating a trade war, writes Politico.

UK could be dragged into Trump's trade war, admits Business Sec ahead of talks

BRITAIN might get sucked into Donald Trump’s trade war, the Business Secretary has admitted. Jonathan Reynolds said he “can’t promise” the UK will be spared America’s tariff blitz but was working to soften the blow as much as possible. AlamyBusiness Secretary Jonathan Reynolds said he couldn’t promise dodging US President Donald Trump’s trade war[/caption] ReutersMr Trump has previously said the UK has been ‘out of line’ in its trading relations…

7 days ago·United Kingdom

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Anadolu Ajansı

UK warns US steel tariffs to harm both countries as trade talks continue

Imposing tariffs on UK steel 'would be negative for ourselves, it would be negative for the US as well,' says Business Secretary Jonathan Reynolds - Anadolu Ajansı

7 days ago·Ankara, Türkiye

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Inside FMCG

Foodstuffs warns of looming price shocks from trade war

The two Foodstuffs Co-ops have warned of potential inflation in food prices as a result of the Trump administration’s planned tariffs. “New Zealand currently imposes no or low tariffs on most imported food, but it’s possible some imports could be impacted by tariffs elsewhere,” said Chris Quin, Foodstuffs New Zealand MD. “For example, if producers are in a country that must start paying more for imported ingredients, fuels or fertilisers.” Foods…

6 days ago

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