British firms have been hit by 10 percent tariffs on all exports in the United States as Donald Trump started a new era for global trade and America will no longer be “.
The US President said that his “liberation day” declaration – some nations would pay 34 percent – “announced economic freedom”.
This means that the government of Sir Kir Stmper has failed to secure a carving-out from the tariff for Britain, but when the UK was ranked 13th on the “mischievous list of the” naughty list of branded nations “at the White House press conference, it had the lowest tariff combined with nations like Brazil.
European Union countries face 20 percent of punishment while China will pay 34 percent and Cambodia will pay 49 percent. Switzerland was also given a tough competition with 31 percent. Taiwan, which is struggling with China to survive against dangers, is facing 32 percent and India is 26 percent.
A Downing Street Source said: “We do not want any tariff at all, but less levy reflects our vision than others. It matters because the difference between 10 percent and 20 percent is thousands of jobs.
“We will keep talking, keep cool and remain calm. We want to interact on a permanent business deal, and of course to reduce the tariff. Tomorrow we will continue with that work.”
After the days of construction, the US President waited for the markets to make his big announcement at the Rose Garden of the White House, which he has described as “Liberation Day”.
He was surrounded by his cabinet, Congress members, senators, automobile workers and farmers, as he “promised” to make America rich “.
He said: “2 April 2025 will be remembered forever because the day the American industry was reborn. America’s destiny was re -acquired and the day we started making America rich again. For decades, our country has been looted to both friends and enemies.
“Americans were really seriously suffering. They looked in pain because foreign leaders stole our jobs, foreign theaters have broken our factories and foreign scavengers who have separated our beautiful American dreams once.
“Our country and its taxpayers have been exploded for more than 50 years, but it is not going to happen now.”
At one point, the President introduced an automobile worker on the stage how car plants in the state of Michigan were forced to shut down due to foreign competition.
The President listed a series of complaints, stating that tariffs on cars in South Korea and Japan have stopped the US from entering the market. He complained of 20 percent VAT taxes on sale in the European Union, which also came into force in Britain. And he claimed that dairy products in Canada were colliding with more than 200 percent tariffs.
While Britain was mentioned very little in addition to a reference in its list, it is still achieving the base level of 10 percent tariff, although it is at half level if it would still have been in the European Union.
The ministers knew that it would be impossible to avoid the measures after making it clear that he was putting tariffs on cars. About 17 percent of the UK cars go to the US market and already the Institute of Public Policy Research (IPPR) has estimated that it will cost UK 25,000 jobs in the automobile sector.
Mr. Trump has claimed that his new tariff regime “imbalance trade” and “stop countries take advantage of their country”.
He had already announced that he would impose 25 percent tariffs on all automobiles, steel and aluminum imports in the US, including the UK.
Trade Secretary Jonathan Reynolds clarified that there would be no knee shock reaction.
He said: “We have many equipment at our disposal and we will not hesitate to work. We will continue to join the UK businesses, including the evaluation of the impact of any of us.
“No business wants war and our intention is to secure a deal. But nothing is far from the table and the government will do everything necessary to protect the national interest of the UK.”
Earlier, the Prime Minister opposed the call to focus on the US to turn his back and focus on reconstruction of relations with the European Union as the main trading partner.
During the PMQS, Liberal Democrat leader Sir Ed Davi urged the Prime Minister to join other countries in the “Economic Alliance of Interested” to respond to the American tariff.
But Sir Keer described the proposal of Sir Ed as a “false choice” and insisted that he would not give up the hopes of the business deal with the US.
He told the MPs: “A business war is not in anyone’s interest and deserves the country – and we will take a quiet, practical approach.”
Federation of Small Business Policy Chairman Tina McKenzie said: “Tariffs will cause untold damage to small businesses, who are trying to trade in their own way, while the domestic economy remains flat.”
Orthodox Business Secretary, Andrew Griffith said: “Labor failed to interact with President Trump’s team for several months after the election, failed to keep our experienced top trade negotiator, and failed to make a deal to avoid applying these tariffs by our nearest trading partner.”
