Britain may be absorbed into the trade war, Donald Trump, and the Minister of Business has recognized.
Jonathan Reynolds said that he “cannot count” that the UK will spare America's tariff, but it was working to reduce the strike as much as possible.
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He even suggested that the European Union and China were more suitable goals for the president's anger.
Trump threatened “mutual definitions” with countries that sell more to the United States more than import.
He has also indicated that VAT is seen as a tariff, which would put Britain in the context of about 20 percent of taxes on our American exports.
He was asked on Radio Times if Britain was able to avoid Trump's trade war. Mr. Reynolds said: “I cannot prepare it, but I can promise that we are participating on the basis of the way forward.
“The large complaint of the new administration is in the large deficit on the commercial goods that the United States with the European Union and with China.
“They do not have that with us. We have a balanced, strong, mutual relationship, and this is what we need to build on.
There are some specific problems they raised with us. We have returned to them and we will continue this participation because we believe that it is our mutual interest to maintain this strong relationship. “
The Minister of Ministers said that he will “strongly refute” the idea that the value -added tax is a tariff “because it applies to local products as well as imports.
The largest export market in Britain to the United States – and therefore the most vulnerable to tariffs – are medical and pharmaceutical products worth about 8.8 billion pounds annually.
This is followed by cars, mechanical energy generators, and organic chemicals.
Mr. Kiir Starmer is scheduled to visit the White House in the next few weeks for talks with Mr. Trump.
