US President Donald Trump has dashed hopes for a swift resolution to trade tensions with the UK, signaling his intention to maintain “substantial” tariffs on British goods. The sweeping 10% tariffs on all imports, alongside 25% levies on aluminum, steel, and cars, have posed significant challenges for British exporters. Prime Minister Sir Keir Starmer has been pushing for a trade deal to ease these levies, but Trump’s remarks suggest progress may be slow.
“We’re taking in a lot of money, which we’ve never done before,” Trump said, emphasizing the financial benefits of the tariffs. He added that the US is “moving along very nicely” and would establish a “baseline of a substantial number” for trade levies. Despite claims from American officials that a deal could be signed within three weeks, Trump stated he is in “no rush” to finalize agreements.
Chancellor Rachel Reeves is set to hold talks with the White House next week during the International Monetary Fund’s spring meetings. Reeves confirmed that “active negotiations” are ongoing, stressing that any deal would prioritize the UK’s national interest. The discussions come as Britain seeks to mitigate the impact of the tariffs on its industries.
In a diplomatic gesture, Sir Keir Starmer extended a “truly historic” personal invitation from King Charles for Trump to make a second state visit to the UK. The visit, expected to take place in September at Windsor Castle, marks a rare honor for the US President, who was previously hosted by the late Queen in 2019.
Trump expressed admiration for the Royal Family, calling King Charles a “friend” and describing the upcoming visit as a “fest” and an “honor.” He noted the significance of being invited for a second state visit, a first for any individual.
As trade negotiations continue, the UK faces the challenge of balancing its economic interests with the realities of Trump’s tariff policies. The outcome of Reeves’ talks in Washington will be closely watched as both nations navigate this complex economic relationship.
April 19, 2025 2:12 pm
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