KEMI Badenoch, the new Tory leader, is pushing for a trade deal with Donald Trump to be urgently struck to avoid Britain being economically "kneecapped." The aim is to drive up investment and living standards in the UK.
Tory Leader Urges Swift Action
Badenoch emphasizes the need for a Free Trade Agreement with the previous Trump administration's deal from 2020 ready to be revived if necessary. She warns that if President Trump pursues a protectionist tariff regime, it could have devastating effects on the UK.
Possible Tariffs and Implications
President Trump is contemplating imposing tariffs ranging from ten to 60 per cent on goods from China, potentially leading to a trade war. Badenoch highlights the importance of a trade deal to protect British firms in various sectors such as car manufacturing, chemicals, and financial services.
Government Response and Future Plans
Treasury minister Darren Jones has been cautious in his response to the idea of a trade deal with Trump, stating that it would depend on the specific terms offered. The UK government will need to carefully consider its options in the face of potential trade challenges.
