The UK and the US are currently involved in discussions aimed at establishing a robust economic agreement, a move occurring against a backdrop of increasing global worries about protectionist trade measures.
British Foreign Secretary David Lammy has stated that all options are being carefully weighed to safeguard the national interests of the British people. These discussions are taking place in response to the rising protectionism observed in the United States, with the UK government keen to ensure a balanced and beneficial trading relationship.
Prime Minister Keir Starmer has emphasized the importance of acting in the national interest, stating that all options remain on the table. He highlighted the progress made in ongoing economic deal discussions with the US, while acknowledging the likelihood of tariffs being imposed.
The UK's Business and Trade Secretary, Jonathan Reynolds, has expressed hope that the negotiated economic deal will lead to the removal of all tariffs affecting British exports, aiming for stronger market access for UK businesses across the US. Consultations with UK businesses are underway to determine an appropriate response to the tariffs, with a focus on a measured and proportionate approach.
Despite the challenges posed by potential trade disputes, the UK government remains committed to strengthening its economic ties with the US, seeking a deal that supports the economic welfare of its citizens and ensures a secure and prosperous future.