Danger of possible Trump tariffs greater for UK than other countries, minister warns

Jonathan Reynolds, the UK business secretary, warned that potential US tariffs pose a greater danger to the UK than other comparable countries as Donald Trump prepares to take office. Concerns of a global trade war have arisen due to Trump’s campaign promise of implementing tariffs of 10 to 20 percent on all goods, escalating to 60 percent for those from China. While acknowledging the challenges ahead, Reynolds also sees opportunities for collaboration with the US in areas like technology and service trade, expressing openness to closer ties.

Full Article