Sir Keir Starmer stated that the UK is preparing for all possibilities and keeping all options open in response to Donald Trump’s potential import tariffs, causing global stock markets to be on edge. European and Asian stocks faltered as investors and world leaders expressed concerns over the impact of Trump’s proposed trade barriers, set to be announced later. Amid warnings of potential harm to the UK car manufacturing industry, Sir Keir emphasized that a trade war with the US is not in anyone’s best interest and that the UK will approach the situation calmly and pragmatically.
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EU prepares vote on countermeasures against US tariffs
EU member nations are set to vote on countermeasures against U.S. tariffs on steel and aluminum on April 9, pending a qualified majority approval. The European Commission proposed imposing tariffs on 26 billion euros worth of U.S. goods in response to President Trump's trade policies, lifting temporary suspensions and reinstating all tariffs by April 13. EU chief Ursula von der Leyen emphasized the need to protect consumers and businesses amid escalating trade tensions between the...
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