Amid mounting global economic tension, UK Prime Minister Keir Starmer is reportedly pursuing a fresh trade agreement with the United States in an attempt to roll back sweeping tariffs introduced by President Donald Trump earlier this week. The move follows Trump’s declaration of “Liberation Day” — a new trade policy moment marked by a 10% baseline tariff on all imports, with significantly higher duties for select nations.
According to a Washington Post report, Starmer is prepared to offer major concessions to secure a deal, even as other nations, including China, Israel, and India, respond with retaliatory tariffs or urgent negotiations. The UK, aiming to stay ahead of potential economic fallout, has already begun lowering tariffs on some US imports and is reportedly willing to reduce domestic tax burdens on American tech firms operating in Britain.
The urgency comes as markets continue to reel from the announcement. The Dow Jones Index has plunged over 2,000 points in just two days, and volatility levels have surged. President Trump, meanwhile, remains firm. “Every country is calling us,” he said Thursday. “Now, they will do anything for us.”
Starmer’s diplomatic outreach could be a crucial step in defusing trade tensions and shielding the UK economy from a broader global slowdown. Observers are watching closely to see whether this new wave of deal-making can temper the worst effects of what many fear could become a full-blown trade war.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
