The United Kingdom would not hesitate to retaliate against American prices

The United Kingdom would not hesitate to retaliate against American prices if necessary, according to Downing Street Sources.

The government is in last -minute negotiation with the White House before a 25% tax on car imports And threats of broader prices on other goods on April 2.

He tries to obtain an exemption, arguing that – unlike other countries – the United Kingdom has a relatively equal commercial relationship with the United States. The Prime Minister said he did not want to jump into a trade war.

US President Donald Trump has introduced a series of prices targeting the goods from other countries, arguing that measures will help American manufacturers and protect jobs despite the warnings that prices could increase for consumers.

Costs for companies in the United States imported vehicles on April 3, taxes on parts that should start in May or later.

Government sources have said that negotiations for an exemption in the United Kingdom would not end after Trump’s deadline on Wednesday, with one saying “we will not stop trying”.

If the prices come into force, to which the reprisals of the United Kingdom might look like. There are a range of tasks options in the sectors where British products are particularly important for the United States, to focus on specific products like Harley Davidson Motorcycles.

An expert told the BBC that the “nuclear” possibility – and the most improbable – would aim for financial services.

But despite British threats, ministers do not want a trade war.

Prime Minister Sir Keir Starmer said earlier this week The United Kingdom would not be “Jump in” One with the United StatesAdding that the government was trying to avoid prices by “intense negotiations” and would be “pragmatic and clearly in the eyes” in its response.

The independent office for budgetary responsibility has warned that a reciprocal trade war would erase billions of people from economic growth and almost eliminate the surplus that the Chancellor has left in its self-imposed tax rules.

Dame Meg Hillier, former Minister of Labor and President of the Restricted Committee of the Treasury of the Communes, warned that the government’s commitment to free trade was going to be tested in the coming weeks following Trump’s rates.

Trump said the 25% levy would lead to “enormous growth” for industry, promising that it would stimulate jobs and investment in the United States.

But there are concerns that the decision will likely lead to the temporary closure of significant automotive production in the United States, increase prices and tension relations with allies.

The United States imported approximately eight million cars last year – representing approximately $ 240 billion (186 billion pounds sterling) and approximately half of global sales – and Mexico was the best car supplier in the country, followed by South Korea, Japan, Canada and Germany.

British car exports are about 7.6 billion pounds sterling per year, and the United States is the second largest market for British cars after the European Union, according to the automotive industry, the Society of Motor Manufacturers and Traders (SMMT).

The SMMT said that Trump’s announcement was “not surprising but, however, disappointing”.

World leaders criticized the prices shortly after their announcement.

German economy minister Robert Habeck said Thursday The European Union must “respond firmly”While French President Emmanuel Macron described him as “loss of time” and urged Trump to reconsider.