Trump has repercussions against the “huge” trade deficit of the United Kingdom as hope of price exemption, Politico

His latest remarks will not make much to calm the nerves in Westminster, where those in charge rush for an exemption from the president’s pricing hikes-and hoping that a commercial surplus largely focused on services with the United States will calm a president which has traditionally focused on trade in goods.

In addition to steep rates on metal imports, Trump has threatened reciprocal tariffs on business partners who correspond to the rights imposed by other countries in the coming days.

Trump threats have already sent tremors to the steel industry of the United Kingdom, which currently exports about 200,000 tonnes of steel per year worth more than 400 million pounds sterling in the United States, its second larger export market.

In a statement published on Tuesday, Gareth Stace, director of UK Steel, the Professional Association of the British steel industry, said that Trump had “taken a hammer in free trade with huge ramifications for the steel sector in the United Kingdom and around the world.

“This will not only hinder British exports to the United States, but it will also have extremely distorted effects on international trade flows, adding additional import pressure to our own market.”

Deal to do?

British Chancellor Rachel Reeves nevertheless declared Monday evening that she was still going to be part of the exemption from American prices, insisting that there was “an agreement to do” in an interview with the political podcast of the political party political party from Matt Forde.