Quotes
We'd certainly hope that the UK could avoid any tariffs
SMMT chief executive Mike Hawes told a briefing last week
We very much hope the introduction of blanket import tariffs on goods from the UK into the US market can be avoided.
He addedThe right approach is not to copy them, because our coalition of voters will always be a different coalition of voters to Reform,
he said
I have no idea what to make of the [Trump] statement, other than we could have all done without it,
he said, ... per the FT
I think there will be a lot of pressure put on the UK on this particular issue.”
John Denton at the International Chamber of Commerce said
The sense that US-based businesses, particularly the so-called tech bros, are being targeted specifically is something that he’s seemingly not willing to accept.”
The director general of the Institute of Export and International Trade, addedClearly, the UK has got to make some decisions about its competitive position with regards to American tech and the EU as well.”
Mr Farage explainedThe Trump administration will indeed take sanctions against countries that have enacted DSTs.”
A former director of the OECD’s centre for tax policy also warned.jpg)
It's early days and I think what's really important is open and strong trading relations
Speaking about Trump's tariffs, Keir Starmer saidThe UK government is in a position to deftly steer the ship of state between the twin dangers of the US and EU. What Starmer needs to do is ensure that any EU reset does not compromise his independent trade policy and regulatory autonomy.”
Economist Shanker Singham, chairman of the Growth Commission, saidI don’t think the UK has had much attention so far,
the insider saidTo avoid US tariffs and to get a deal we will have to play by their rules to a large extent. That will mean de-China-ing our supply chains.”
But he notedBecause of Northern Ireland we will not completely escape being affected by US tariffs on the EU.”
He addedThe prime minister is walking a tightrope here but there are reasons for optimism, even if there is a very narrow landing strip. I think the prime minister can get a better deal with the EU, there seems to be an appetite for that, and at the same time get one with Trump and the US.”
However, he went onAlthough the declines are sharp, there is a sense that they could have been worse.”
Kathleen Brooks, research director at trading firm XTB, said
Give us a protective tariff and we will have the greatest nation on earth,
declared Abraham Lincoln
We’ll be doing something very substantial with the European Union.” ... The EU “treated us so terribly.”
Tentative EuropeanYou see the power of the tariff. No one can compete with us because we have by far the biggest piggy bank,
he bragged last week
I use no porter or cheese in my family, but such as is made in America,
George Washington boasted, addingRemember, we financed the entire government on external revenues up until 1913. Now, everything’s put on the Internal Revenue Service to get it from taxpayers and from corporations. That’s going to change. It’s going to change dramatically.”
He then added