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Uk Vs Us

UK to convince Donald Trump not to impose 'unnecessary' trade tariffs

The British government on Friday said it has an argument in favour of convincing US President Donald Trump not to impose tariffs on its trade with the UK. Business and Trade Secretary Jonathan Reynolds told the BBC that the United States did not have a trade deficit with the UK on manufactured goods, which would make tariffs unnecessary. "We've obviously got a services-based economy. The US does not have that deficit with us so if that's the logic of that position, I think we've got an argument to engage with," said Reynolds. Tariffs are a key part of Trump's economic agenda as he assumed office for a second term earlier this week. He not only sees them as a way of growing the US economy, protecting jobs and raising tax revenue but also as leverage to pursue other policies targeted at certain countries. He has indicated a tax on imports from China and has also threatened tariffs on Canada and Mexico. Tariffs, or higher taxes on imports to the US, would make it more expensive for ..

UK to convince Donald Trump not to impose 'unnecessary' trade tariffs
Updated On : 24 Jan 2025 | 7:00 PM IST

UK Treasury chief unhappy with weak third-quarter economic growth

Britain's Treasury chief Rachel Reeves said Friday that she is not satisfied by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, with most sectors stagnating. The Office for National Statistics said growth during the July to September period was just 0.1 per cent. That was lower than the 0.5 per cent recorded in the previous three-month period and below market expectations for 0.2 per cent. The statistics agency said overall output in September actually shrank, a development that has further fueled accusations from critics of the new Labour government that its pessimism dragged the economy down in its first few weeks in office. On coming to power in July for the first time in 14 years, the government described its economic inheritance from the former Conservative administration as the bleakest in decades, requiring urgent action to fix the public finances. The Conservatives' Treasury spokesperson, Mel Stride,

UK Treasury chief unhappy with weak third-quarter economic growth
Updated On : 15 Nov 2024 | 4:21 PM IST

The US culture wars

The coming midterm elections matter because their outcome will affect the cosmological beliefs of much of the world

The US culture wars
Updated On : 31 Oct 2018 | 12:04 AM IST