Sir Keir Starmer will convene senior ministers on Thursday to survey the global trade chaos unleashed by Donald Trump’s so-called “liberation day” tariffs, while breathing a sigh of relief that Britain was spared the worst.
Starmer’s allies argued the prime minister’s “calm-headed” diplomacy with Trump had been “vindicated” by the fact that Trump imposed a 10 per cent tariff on the UK, compared with a 20 per cent rate on the EU.
The rate Trump put on the UK, which has a balanced trade in goods with the US, was the minimum he levied on America’s trading partners. The likes of Australia, Brazil, Turkey and Singapore also received the lowest rate.
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