London: The Prime Minister of the United Kingdom, Keir Starmer, said he is prepared to intervene with the government’s support to protect the country’s business from the impact of new US tariffs, as fears grow on a broader commercial dispute.
“We are ready to use industrial policy to help refuge the British business of the storm,” Starmer wrote in The telegraph newspaper.
“Some people may feel uncomfortable about it: the idea that the State must intervene directly to shape the market has often ridiculed.
“But we simply cannot hold on to old feelings when the world is turning this fast.”
While Starmer said that the government’s priority remains to try to ensure a commercial agreement with the US. UU. Which could include tariff exemptions, declared that it will do “everything necessary” to protect national interest.
Great Britain was saved from the most punitive treatment in Trump’s announcement on Wednesday, being affected with the lower import tax rate than 10%, but a global commercial war will still harm its open economy.
“This week we will be turbocompression plans that will improve our domestic competitiveness, so we are less exposed to this type of global shocks,” he said, adding that the government also wanted to strengthen alliances and reduce barriers to trade.
Telegraph reported that the Starmer government could bring emergency reforms to reduce bureaucracy around regulation and increase the possibility of specific tax exemptions to help the affected sectors.
British manufacturer Jaguar Land Rover said on Saturday that he would pause car shipping to the US for a month due to tariffs, which adds to fears on the impact on an industry that uses 200,000 people in the United Kingdom.
When writing in the newspaper, Starmer reiterated that he would adopt a “cold head” approach to tariffs instead of retaliation immediately, but added: “All options remain on the table.”
Great Britain published a list of 400 pages of American products that could include in any possible reprisal rate response.
