Prime Minister Keir Starmer and President Donald Trump held their first discussion since the US imposed new tariffs on British goods, with both sides describing trade negotiations as “ongoing and productive.” During the call, Starmer emphasized his commitment to “free and open trade” while protecting UK national interests, according to Downing Street. The leaders also addressed international security issues, including Ukraine, Iran, and recent military action against Houthi rebels in Yemen.
The talks come after Trump’s administration introduced a 10% baseline tariff on UK imports, with higher rates of 25% targeting cars, steel, and aluminum. US Vice President JD Vance recently expressed optimism about reaching a trade agreement, though global markets remain unsettled. Major indices like the S&P 500, FTSE 100, DAX, and CAC 40 have partially rebounded after initial declines but remain below early April levels.
The UK is seeking a bilateral deal to mitigate the tariffs’ impact, while the EU and Canada have imposed retaliatory measures. The World Trade Organization warns the new tariffs could shrink global trade, with the IMF already downgrading growth forecasts.
For more political updates, visit DC Brief.
