Era of globalization ‘in the end’, says the Minister of Great Britain, such as the countries freeze tariff answers – live updates Trump Tariffs star-news.press/wp
Era of globalization as we know that came to an end ‘, says Minister United Kingdom
Here are some more reactions to the tariffs from London, where ministers separate the response to Trump larger names.
Darren JonesThe Chief Secretary for Treasury, spoke with Laura Kuensssberg on his BBC Sunday Policy. Here’s an examination of what he said:
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People should be ready for things that will be harder in the global economy.
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Globalization is “approaching the end” in the echo of new tariffs. He was asked whether the era “cheap or cheap TVs” was completed, Jones said, “Yes, it ended globalization, as we knew the last number of decades, it came to the end.”
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It is in the best interest of the British economy and workers to “get trade contracts through the line”.
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Jones said that the government may reach an agreement with Trump on Tariffs, with conversations that are underway. “We hope to arrange,” Jones said, adding that “we have a better outcome from other comparable countries as a result of our diplomacy.”
Key events
Great Britain is “treated differently by the EU” as a result of Brexit – Minister
Darren Jones, Chief Secretary of the Treasury, interviewed this morning and Sky News’ Trevor Phillips. He said that Great Britain “treated otherwise according to the European Union” as a result of Brexite. As a reminder, Trump imposed 10% tariff on goods in the UK, but 20% of the EU goods tariffs.
Asked for the lower 10% of the tariff that America imposed “Brexit Dividend”, the Chief Secretary of the Treasury:
There is, there is one. I fought to find him in the past, but there is one we finished.
It’s good, but what we won’t do is choose or trade out of the United States or the European Union.
I have already talked about the United States, we know that it is important and works well, but it is that it is energy, especially in this world, especially in this world in the European Union and in the United States, and in the United States.
Jones’s comments echoed to those from the shadow secretary, Andrew Griffith, who suggested that Brexit spared the UK from more imports.
Griffith said: “Silver lining is that Brexit voted against not less than 48 times, means to face far lower tariffs from the EU: Brexit Dividend to protect thousands of British affairs and business companies.”
Era of globalization as we know that came to an end ‘, says Minister United Kingdom
Here are some more reactions to the tariffs from London, where ministers separate the response to Trump larger names.
Darren JonesThe Chief Secretary for Treasury, spoke with Laura Kuensssberg on his BBC Sunday Policy. Here’s an examination of what he said:
-
People should be ready for things that will be harder in the global economy.
-
Globalization is “approaching the end” in the echo of new tariffs. He was asked whether the era “cheap or cheap TVs” was completed, Jones said, “Yes, it ended globalization, as we knew the last number of decades, it came to the end.”
-
It is in the best interest of the British economy and workers to “get trade contracts through the line”.
-
Jones said that the government may reach an agreement with Trump on Tariffs, with conversations that are underway. “We hope to arrange,” Jones said, adding that “we have a better outcome from other comparable countries as a result of our diplomacy.”
The EU is likely to approve its first set of target countermeasures to $ 28 billion (US $ 21.7 billion) US imports in the coming days, Reuters reports.
27-Nation block faces 25% import tariffs on steel and aluminum and cars and 20% reciprocal tariffs for almost all other goods.
The European Commission, which coordinates EU Commercial Policy, proposes to members late on Monday of the U.S. products that hit additional tasks in response to Trump Tariffs of Steel and Aluminum, not wide reciprocity.
It is set to find American meat, cereals, wine, wood and clothing, as well as chewing gums, dental cone, vacuum cleaners and toilet paper. The EU was careful to answer the tariff so far.
The President of the European Commission in Ursula Von Leyen said that the Trump Leases were a “large blow to the World Economy”, but announced the announcement of new countermeasures, adding that the Commission is “always ready” for the conversation.
Trump tariffs cover about 70% of EU exports in the USA in the amount of 532 billion euros ($ 585 billion; 454 billion) – with probable duties on copper, pharmaceutical products, semiconductors and woods still coming.
On Monday, Luxembourg will host the first political meeting in the entire EU from Trump’s deleting tariffs when the Ministers responsible for the trade of 27 EU members and how best to respond.
Trump Tariffs explained
My colleagues have done a useful explorer breaking what are Trump tariffs and how they influenced the economy from the announcement. Here’s a draw from him:
What exactly are the new trump tariffs imposes?
Trump’s new tariffs are double. First, all imported goods will be subjected to a 10% universal tariff start from 5. April. Then, 9. April, certain countries see larger tariff rates – which Trump considered “reciprocal tariffs” in retaliation for tariffs, the countries have put on American exports.
Keep in mind that tariffs pay American companies that import goods like wine from Europe or microchips from Taiwan.
Some of the highest tariffs will be placed in imports from Asian countries, including China, India, South Korea and Japan. EU exports will also have 20% tariff.
How did the white house calculate the tariffs?
Administration told If it seemed a trade deficit between the US and a particular country as a percentage, then he thought it was a tariff. Thus, for example, the value of American goods exported to China 67% of the value of Chinese goods imported into the United States.
The White House calls this definition of “tariffs” located on American goods, although the deficit and tariffs are not the same thing. Then he halved the “Tariff” and used that percentage to represent a new invasion that would now transfer to the goods from that country.
Here are Shots of Trump that announces Wednesday cleansing tariffs. They were regularly alienated on the trail of the Republican presidential campaign, but their extent took many comments from surprise:
How did car manufacturers react to Trump Tariffs?
The American tariff on import cars and light trucks came into force on Thursday, the day after Trump announced the tariffs to other goods from countries around the world. This prompted a quick reaction of the car manufacturer.
Britain Automotive, which directly employs 200,000 people, is very exposed to new tariffs. The United States is the second largest importer of the British car after the EU, with nearly 20% stake.
Jaguar Land Rover He announced that “Pause” shipments in the USA, such as Coventry, the company based in England, says to “engage in new trade conditions” and requires the development of “medium-sized crops”.
The Institute for Public Policy (IPPR) Thinktank said that more than 25,000 direct affairs in the car processing industry could be at risk because it is projected in the USA in the United States.
Meanwhile, Carmaker Stellantis On Thursday, 900 workers in five American facilities were temporarily released after the announced Trump Tariffs, and temporarily pauses production in the parliamentary plant in Mexico and one in Canada.
Stellantis, which owns brands of cars like jeeps, Citroën and Rama, said temporarily stop production in the Windsor Power Plant in Canada until the week. April 21. April.
The company will also temporarily pause production in the mounting power plant Toluca in Mexico for the month of April, starting tomorrow. Due to the production occupation, there will be temporary releases in Warren and Sterling plants living in Michigan and Indiana and Koko plants and the Koko slip in Indiana.
However, Union United Automobile AllianceOne of the largest unions in the USA, supported the tariffs, which tells the trump card as a way of a tempting American manufacturer to return to America.
The Union said the decision “signaled the return to policies that give priority to workers who build this country – not the greed of ruthless corporations.” Shawn Fain, the president of the union said, “Completing the Race in the bottom in the Auto Industry begins with the repair of our broken trade agreements, and the trump card has made history of today’s actions.”
UK PM warns the world as we knew he went “like the countries extended to Trump Tariffs
Welcome back to our live coverage of economic outbursts from Donald Trump’s announcement last week.
Nearly 5TN (£ 4TN) has been deleted the value of the global stock market after the US president did his shock announcement last Wednesday, which included 10% of the Basic Tariff in the USA in the USA.
Trump 10% tariffs on products in the UK entered into force on Saturday, as the global stock exchange continued to emit the response to the imposition of imports.
Cambodia, Vietnam and Thailand are 49%, 46% and 36%, while the EU is facing 20% for all goods in the United States.
FTSE 100 fell on Friday at its worst trading day since the beginning of the pandemic, while the market at Wall Street crashed.
Analysts warn that the already controversial economic growth in the UK could be up to 0.5 percentage points lower until the following years as a result of Trump Tariffs.
In the reaction to the American Tariff, Offensive, Prime Minister Great Britain, Keir StarmerMer, He wrote an opinion on Sunday telegraphSaying that he was ready “to use industrial policy to help the British work shelter from the storm”. Among the world’s leaders who are in intensive discussions with their teams carefully measuring how to respond to the Presidential Tariffs.
“Old assumptions can no longer be taken for granted. The world as we knew he had gone. We have to get up to meet a moment,” he wrote the starter.
“We are ready for what follows. The new world is less regulated by established rules and more concerned contracts and allows.”
Stay with us because we will continue to bring you all the latest updates and reaction to the tariff all day.
2025-04-06 08:49:00
