Chancellor says UK not planning retaliatory tariffs on US ‘at the moment’
Business live – latest updates
Rachel Reeves has said that the UK is not planning retaliatory tariffs on the US, at least for now, after Donald Trump announced a 25% tariff on all car imports, sending shares in carmakers sharply lower.
“We are not at the moment in a position where we want to do anything to escalate these trade wars,” the UK chancellor told Sky News when asked if Britain would impose retaliatory tariffs against the US. “Trade wars are no good for anyone.”
About Author
More Stories
First orbital rocket launched from mainland Europe crashes after takeoff
Skygazers gather across northern hemisphere to glimpse partial solar eclipse
Partial solar eclipse: moon blocks part of sun for people in northern hemisphere – as it happened