British Prime Minister Kiir Starmer said on Saturday that he is ready to intervene and help “protect” companies from the country from the consequences of the new tariff policies of US President Donald Trump, indicating the state’s intervention to the most affected industries.
“We are ready to use the industrial policy to help protect British companies from the storm,” said Steemrar.
“Some people may feel uncomfortable with this – the idea that the state should intervene directly to form the market has been used repeatedly.
“But we can not only stick to old feelings when the world changes very quickly.”
Although Stmerer said the government’s priority is still trying to secure a trade agreement with the United States, which may include customs tariff exemptions, he said he would do “anything necessary” to protect national interests.
Britain spared the most punitive treatment in Trump’s advertisement on Wednesday, when it was reached through the import tax rate of 10 %, but the global trade war will harm its open economy.
“This week, we will enhance plans that improve our local competitiveness, so that we are exposed to less these types of global shocks,” he said, adding that the government also wanted to strengthen alliances and reduce barriers that prevent trade.
The STMERER government said it can implement emergency reforms to reduce the bureaucracy about the organization and raised the possibility of specific tax incentives to help the affected sectors.
British auto manufacturer Jaguar Land Rover said on Saturday that it will suspend car shipments to the United States for a month due to the definitions, which increased concerns about affecting an industry that employs 200,000 people in the United Kingdom.
Starmer emphasized in writing in the newspaper, that he will adopt a “cold” approach in definitions instead of revenge immediately, but he added: “All options remain on the table.”
On Wednesday, Britain posted a list of 400 pages of American products that could include any potential arbitrary response.
