British Prime Minister Keir Starmer on Monday said President Trump’s tariffs were a “huge challenge” for the U.K. and could have “profound” consequences for the global economy.
Britain’s Labour Party Prime Minister Keir Starmer makes speech outside 10 Downing Street in London, Friday, July 5, 2024. Labour leader Keir Starmer won the general election on July 4, and was appointed Prime Minster by King Charles III at Buckingham Palace, after the party won a landslide victory. (AP Photo/Kin Cheung)
“But this moment has also made something very clear — that this is not a passing phase,” he said. “And just as we’ve seen with our national security, particularly over recent months in relation to the war in Ukraine, now with our commerce and trade, this is … a completely new world, an era where old assumptions, which we’ve long taken for granted, simply don’t apply any longer.”
Speaking to workers at a plant in the West Midlands that makes Jaguar and Land Rover vehicles for the export market, Starmer said his government would continue to try to negotiate a trade deal with the United States while championing free trade around the world.
Jaguar Land Rover on Saturday announced that it was pausing shipments to the U.S. for the month of April as it works out how to respond to the 25% tax on imported cars that took effect last week.
Starmer announced some help for the British car industry, providing additional flexibility in meeting the government’s 2030 deadline for phasing out gasoline- and diesel-power cars, extending the deadline for hybrids to 2035 and offering tax breaks for buyers of electric vehicles.