UK ‘exposed’ in event of global trade war, warns business secretary

Britain would be heavily exposed to a global trade war, UK business secretary Jonathan Reynolds has warned, as Sir Keir Starmer denied the country will have to choose between the US and Europe if Donald Trump brings in fresh transatlantic tariffs. Reynolds told a House of Lords committee that “tariffs on UK goods entering the US would be a difficult thing for us to have to contend with”, but that the threat of an all-out global trade dispute is much greater.

” Over the weekend, a senior Trump adviser urged the UK to ditch a “socialist” Europe and align itself with the US “free enterprise” model. Trump economic adviser, Stephen Moore, said on Saturday that Britain should align itself with the US rather than the “more socialist” European system. Moore told the BBC: “I think the UK is kind of caught in the middle of these two forms of an economic model.

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Fuente: FT - 🏆 113. / 51 Leer más »