Thousands of British jobs at risk from Trump's trade war... but EU is hit even harder as PM warns of 'economic impact' and furious Brussels vows to retaliate

I don't think anybody wants to see tariffs,

Starmer told Sky News on Monday

Jonathan Reynoldsbusiness Secretary

Anything that disrupts the global trading system is a threat to the U.K. because we are a much more globally orientated trading economy than some partners,

Jonathan Reynolds told Times Radio on Thursday, according to Reuters

The likelihood is there will be tariffs. Nobody welcomes that. We're obviously working with the sectors most impacted at pace on that. Nobody wants to see a trade war. But I have to act in the national interest, and that means that all options have to remain on the table,

he added

We're working hard on an economic deal which we've made rapid progress on, and I hope we can make really speedy resolutions on,

he said

We have been able to progress talks on a range of areas on a timescale which to be honest has delivered in days and weeks more progress than we’ve had in years,

he told LBC

We have a food standards regime which we’re very committed to in the UK which they have some objections to. So they put a number of factors into this,

Reynolds told BBC Breakfast

I hope perhaps if we are successful there will be a template for other countries to resolve some of these issues,

Reynolds told Sky News

There’s a set of complaints from the US on some of how the current global trading arrangements work. They won’t get their own way on all of that. But there are some things to talk about,

he said

British goods being imported into the US are going to be hit by a 10% tariff from the 5th of April, ... And the Prime Minister's been speaking to business owners in Downing Street this morning, let's take a listen." ... Last night, the President of the United States acted for his country, and that is his mandate today I will act in Britain's interest with mine."

Stephen announced ... as Ellie continued ... As the programme cut to the Labour leader, he stated

Donald Trumppresident

The Prime Minister should bring our Commonwealth and European partners together in a coalition of the willing against Trump's tariffs, using retaliatory tariffs where necessary and signing new trade deals with each other where possible."

Accusing Mr Trump of kicking off a "destructive trade war", Sir Ed said

Clearly, there will be an economic impact from the decisions the US has taken, both here and globally.”

As he met business leaders to discuss the measures in Downing Street, Sir Keir warned

Our Brexit freedoms have saved us from the worst."

Tory Shadow Cabinet Minister Andrew Griffith added

Tina McKenziefSB policy chair

Tariffs will cause untold damage to small businesses trying to trade their way into profit while the domestic economy remains flat,

Tina McKenzie, the FSB's policy chair added

Some people will want us to have trade retaliation. That just makes everyone poorer."

She said

The US is our closest ally, so our approach is to remain calm and committed to doing this deal, which we hope will mitigate the impact of what has been announced

In a statement following the announcement, he said

We don't want to be posturing here, the prize on offer is a good economic agreement between us and the United States'

Ms Reeves told the Commons Treasury Committee

A trade war is in nobody's interests and the country deserves – and we will take – a calm, pragmatic approach

He told MPs

The announced imposition of a 10 per cent tariff on all UK products exported to the US, whilst less than other major economies, is another deeply disappointing and potentially damaging measure

Mike Hawes, SMMT chief executive, said

President Trump walked into the Rose Garden and detonated the most aggressive trade shock the market's seen in decades

Stephen Innes of SPI Asset Management said

Business has been clear: there are no winners in a trade war

Rain Newton-Smith, chief executive of the CBI said