Expert reveals the 3 UK industries to be hardest hit by Trump tariffs

We don't want to be posturing here, the prize on offer is a good economic agreement between us and the United States'

Ms Reeves told the Commons Treasury Committee

I think that's really important to understand, because even if we are able to secure an economic deal with the United States – which we very much want to secure and are working hard to secure that – even if that's possible, (it) doesn't mean somehow that we are out of the woods and not impacted by tariffs

She said

A trade war is in nobody's interests and the country deserves – and we will take – a calm, pragmatic approach

He told MPs

For decades, the United States slashed our trade barriers on other countries while those nations placed massive tariffs on our products and created outrageous non-monetary barriers to decimate our industries

The president insisted

In a few moments I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world

he said

The UK, as a major trading partner of the US, faces substantial challenges due to these tariffs. UK exports could decrease by £22 billion, a 2.6% reduction, affecting various sectors."

He told the Express

One thing is clear. Businesses that fail to act now risk losing control over their profitability, competitiveness, and long-term viability."

She added

The fines under the DMA are not tied to the business being conducted by the firm in Europe,

Ferguson, a Trump appointee, said

If we think that Americans are suffering from anticompetitive conduct at home, we should address it here at home,

Ferguson said

I am really wary about Brussels bureaucrats being given the power basically to level fines,

said Ferguson

I am very suspicious of laws that appear to have been written to get at American companies abroad,

he said Wednesday

It’s not sensible to say the first response should be to jump into a trade war with the US. That cannot be the first response of the United Kingdom,

he added

Keir Starmerprime Minister

We are working with all industries and sectors likely to be impacted. Our decisions will always be guided by our national interest,

Starmer said

That takes care of all the asymmetries, because we will reduce all tariffs to zero, and it would be no discrimination by definition,

Kukies said, calling zero tariffs "the best competitiveness enhancing measure

Of course, if it's something in between, that's also good, as long as it's a fair and balanced solution that decreases the tariffs rather than increases them,

the minister added

The easiest way to ensure balance and fairness is for everyone to go to zero. Then we have free trade, efficiency, economies of scale. We can think about standardization, mutual market access and many other things,

the minister said

It will also hit US consumers very hard because cars will get more expensive in the United States, including the cars produced by German automakers in the United States,

Kukies told DW

It will be a substantial adverse impact for everyone affected,

Kukies warned

The government has been really clear that we are going to approach this in a clear-headed way and always represent the national interest,

Reeves told lawmakers in parliament

We need to make sure that we remain competitive on that world stage if we are going to secure jobs and investments into UK financial services,

she said