UK Prime Minister Sir Keir Starmer and US President Donald Trump have discussed ongoing trade negotiations in their first call since the US imposed new tariffs on British goods. Downing Street described the talks as “productive,” with Starmer emphasizing his commitment to “free and open trade” while protecting national interests.
The leaders also addressed global security concerns, including the situations in Ukraine, Iran, and recent military actions against Houthi rebels in Yemen. The conversation comes after Trump introduced a 10% baseline tariff on UK imports, with higher rates of 25% on cars, steel, and aluminum.
US Vice President JD Vance recently expressed optimism about reaching a trade deal with Britain. However, Trump’s tariff policies have caused market volatility, with major indices like the S&P 500, FTSE 100, DAX, and CAC 40 still below pre-April levels despite partial recoveries.
The UK is seeking a bilateral agreement to mitigate the tariffs, while the EU and Canada have responded with countermeasures. The World Trade Organization warns that global trade will shrink as a result of these measures, and the IMF has revised growth forecasts downward.
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