Prime minister says tariffs will be ‘a challenge’ but UK is better placed with 10% rate than EU at 20%
- Business live – latest updates
Keir Starmer has told heads of business in Downing Street that “clearly there will be an economic impact” from US tariffs but that ministers would respond with “cool and calm heads”.
The prime minister gathered senior business figures in No 10 after Donald Trump announced he would introduce 10% blanket tariffs on imports from the UK, and 25% on car imports.
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