Trump’s economic adviser dampens Starmer’s hopes of tariffs relief

Kevin Hassett, a senior economic adviser to Donald Trump, warned that it would take an “extraordinary deal” for any country to improve on the 10% tariff rate imposed by the US worldwide, including the UK. Trump’s decision to reduce “retaliatory” tariffs to 10% for all countries, except China facing a 145% rate, came after pressure from financial markets. The chaos at the core of Trump’s presidency was revealed through this sudden change in tariffs, casting doubt on hopes for a breakthrough in trade negotiations.

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