President Trump has warned “substantial” tariffs will remain on US imports as Rachel Reeves heads to Washington DC to lobby for a bespoke British trade deal.
The US president said baseline tariffs, currently at 10 per cent, were likely to stay in place, despite diplomatic attempts to reduce or eliminate them.
“We’re taking in a lot of money, which we’ve never done before,” he said. “We’re going to end up with a baseline of a substantial number.”
Speaking as he hosted Giorgia Meloni, the prime minister of Italy, at the White House, Trump said he was in “no rush” to sign deals. He said agreements would only be struck “at a certain point” in the future.
Trump has imposed a baseline 10 per cent
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