UK Splits With Europe by Avoiding Snap Retaliation to US Tariffs
UK Splits With Europe by Avoiding Snap Retaliation to US Tariffs
The UK reaffirmed its commitment to US trade talks as British exports were swept up in President Donald Trump’s global steel and aluminum tariffs, breaking with Europe in its decision to retaliate immediately.
Business and Trade Secretary Jonathan Reynolds called the US decision to impose 25% levies on foreign metal products without exemptions on Wednesday morning “disappointing.”
Exchequer secretary to the Treasury James Murray told Times Radio: “We’re not going to retaliate immediately in that way.”
However, he added that Britain would “reserve our right to retaliate” in due course.
The UK government previously said it was reluctant to impose retaliatory tariffs, with officials holding out hope that trade talks announced by Trump and Prime Minister Keir Starmer last month in Washington would spare the country from the initial salvo.
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No no no! Wrong direction.