Sir Keir Starmer’s hopes of avoiding blanket tariffs of ten per cent on all UK exports to America now rest on a new economic deal with the US, which has been negotiated at “breakneck” pace.
The prime minister had hoped to have it in place before President Trump’s tariffs came into force but those hopes were dashed last week.
Instead Trump has announced plans to levy “reciprocal” tariffs of ten per cent on the UK, in a move that economists warned could wipe out growth next year.
However, Britain got off more lightly than the European Union, with plans to impose tariffs of 20 per cent on all EU exports, while China faces a 34 per cent tariff.
Ministers hope to use the coming
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