The UK is “not the target” of potential US tariffs after Donald Trump’s presidential election victory, a commerce knowledgeable has advised Sky Information.
Duncan Edwards, the chief government of BritishAmerican Enterprise, stated Mr Trump‘s return to the White Home might additionally imply contemporary free commerce settlement talks with the US.
Discussions stalled underneath Joe Biden as a result of present president’s issues over Northern Eire and the legality of post-Brexit rules.
President-elect Trump has often talked about his assist for commerce tariffs.
He stated they may improve revenues, and in addition encourage inside US commerce somewhat than utilizing worldwide markets.
“Well, the first thing to say is the UK is not the target,” Mr Edwards stated.
“And there might be a possibility for the UK to re-enter commerce negotiations as they did 4 years in the past.
“And let’s see if they’re practical and agile about how they approach that process… they have a chance of an agreement.”
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Mr Trump desires to impose the very best tariffs on China.
He stated earlier than he received the 5 November election that he would elevate tariffs on Chinese language items to 60% and impose a “universal” tax of not less than 10% on imports from different nations.
One US governor – Democrat Phil Murphy of New Jersey – believes Mr Trump is not going to impose tariffs on the UK.
Talking to Sunday Morning with Trevor Phillips on Sky Information, Treasury minister Darren Jones stated the UK was contemplating “lots of different scenarios”.
He added that his authorities’s place was to “support free trade” – together with between the US and United Kingdom.
Mr Jones stated: “It’s a very strong, very fruitful relationship, both for us but also for the American economy and of course we want to protect that and strengthen it in the years ahead.”
He added: “And I believe President-elect Trump has stated that.
“He recognises the important relationship the US has with the UK, and that’s the basis on which we will be co-operating in future years.”
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There have been a number of rounds of free commerce negotiations between the UK and the US underneath the final Trump administration.
Nevertheless, with President Biden pulling assist for such a deal, the UK has within the meantime signed agreements with varied states, together with Texas and Florida.
Speak of a commerce cope with the US would possibly elevate the spectre of points like “chlorinated chicken” being allowed into the UK.
Mr Edwards stated that, as a result of vast assist Mr Trump has in agricultural areas, any deal would doubtless want to permit US meals merchandise into the UK – and vice versa.
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“That’s where the political difficulty will be,” he stated – whereas insisting US meals was secure.
He stated chlorinated rooster was “a shorthand”, and that the distinction between meals requirements was “not a safety issue” and would make groceries cheaper.
