{"id":15014,"date":"2025-02-03T09:01:35","date_gmt":"2025-02-03T09:01:35","guid":{"rendered":"https:\/\/financialrush.com\/?p=15014"},"modified":"2025-02-03T09:01:35","modified_gmt":"2025-02-03T09:01:35","slug":"donald-trump-suggests-trade-issues-with-out-of-line-uk-can-be-worked-out","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=15014","title":{"rendered":"Donald Trump suggests trade issues with \u2018out of line\u2019 UK \u2018can be worked out\u2019"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description\">Your guide to what the 2024 US election means for Washington and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=3c274929-42b0-4d49-ac9d-c9c7e4da6fd9&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Donald Trump has suggested that the UK might escape punitive US tariffs, although he said Britain was \u201cway out of line\u201d and that he was considering whether to target its exports.<\/p>\n<p>The US president told reporters:\u00a0\u201cThe UK is way out of line, and we\u2019ll see. But the European Union is really out of line.<\/p>\n<p>\u201cUK is out of line but I\u2019m sure that one, I think that one can be worked out. But the European Union, it\u2019s an atrocity what they\u2019ve done.\u201d<\/p>\n<p>Trump went on to say that he had developed a good early working relationship with Sir Keir Starmer, UK prime minister.<\/p>\n<p>\u201cPrime Minister Starmer has been very nice,\u201d he said. \u201cWe\u2019ve had a couple of meetings, we\u2019ve had numerous phone calls, we\u2019re getting along very well.\u201d<\/p>\n<p>The US president\u2019s comments came after he imposed tariffs on Canada, China and Mexico, <a href=\"https:\/\/www.ft.com\/content\/628f137c-f950-4731-8764-ba1fed2e4a9e\" data-trackable=\"link\">triggering<\/a> a global sell-off in stocks and sending the US dollar higher.<\/p>\n<p>Starmer has put great emphasis on the <a href=\"https:\/\/www.ft.com\/stream\/e662dd49-f9f1-4f27-847c-e0c5b5a95ec2\" data-trackable=\"link\">rapport <\/a>he believes he has established with Trump, notably at a dinner at Trump Tower last September before the US elections.<\/p>\n<p>But Downing Street officials admitted they have no idea if Trump will hit the UK with tariffs, with one saying it was \u201cearly days\u201d.<\/p>\n<p>Starmer will travel to Brussels on Monday for talks with EU leaders, aware that his attempt to \u201creset\u201d relations with the bloc after Brexit risks antagonising Trump.<\/p>\n<p>His trip to an informal European Council meeting \u2014 the first such meeting involving a UK premier since Brexit \u2014 will focus on security and defence co-operation.<\/p>\n<p>Starmer wants improved trade relations with the EU and is also seeking to deepen trade co-operation with US, particularly in the field of services and technology.<\/p>\n<p>He is also planning to visit China later in the year, insisting that Britain can and must pursue warm relations with each of the world\u2019s most powerful economies.<\/p>\n<p>Last year, Starmer told a City of London audience: \u201cThe idea that we must choose between our allies \u2014 that somehow we\u2019re with either America or Europe \u2014 is plain wrong. I reject it utterly.\u201d <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"c1c4a27b-5594-4779-ad4e-6c63b0e76c59\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/c1c4a27b-5594-4779-ad4e-6c63b0e76c59\" data-trackable=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2288\/1287\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>According to US figures, America ran an overall trade surplus with the UK in 2023, amounting to $14.5bn. That puts Britain in a favourable position as Trump threatens countries with significant deficits.<\/p>\n<p>However, the Office for National Statistics reports that the UK ran a trade surplus with the US of \u00a371.4bn, or about $89bn, in 2023.<\/p>\n<p>\u201cUsing America\u2019s own trade data provides a shared and strong foundation when engaging in discussions with our American friends,\u201d <a href=\"https:\/\/www.ft.com\/content\/b7c434eb-e634-44a7-9997-4781196f6638\" data-trackable=\"link\">joked<\/a> one senior British official. Starmer is expected to visit Washington later this month.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/3c274929-42b0-4d49-ac9d-c9c7e4da6fd9\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for&hellip;\n","protected":false},"author":6,"featured_media":15015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-15014","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/15014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15014"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/15014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/15015"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}