Following US President Donald Trump's new tariffs, UK Prime Minister Keir Starmer said he is prepared to use industrial policy to shelter British business from the storm.
This comes after a 10 percent baseline tariff on imports to the US took effect on April 5. PM Starmer said he will continue to seek an economic deal with the US to avoid some tariffs, but mooted state intervention.
“We stand ready to use industrial policy to help shelter British business from the storm,” he wrote in the Sunday Telegraph. “Some people may feel uncomfortable about this – the idea that the state should intervene directly to shape the market has often been derided,” he said. He added: “But we simply cannot cling on to old sentiments when the world is turning this fast.”
Meanwhile, in the US, thousands of protesters took to the streets on April 5 in the biggest nationwide show of opposition since Donald Trump returned to office in January. They voiced a range of concerns about his agenda, with some carrying signs calling for an end to tariffs.
Tariff Bomb
US President Donald Trump announced a blanket 10 per cent 'reciprocal' tariffs on 60 countries along with higher levies on countries that impose heavy taxes on American goods like China, India, UK, European Union countries.
Calling April 2 'Liberation Day', Trump made his address in the White House라이브 바카라 Rose Garden, where he separately announced an additional 10% duties on all imports to the US and a host of country-specific measures that hit Asian countries particularly hard.
European Commission President Ursula von der Leyen called the reciprocal taxes, "a major blow" that may lead to rising inflation and added that "EU is prepared to respond". China responded with a counter tariff move on the US.
