It seems like a distant memory, but it’s beginning to look like Prime Minister Keir Starmer played his cards wisely when offering US President Donald Trump a state visit just a couple of weeks ago during a visit to the White House. For all the talk of special relationships and free trade agreements, playing to Donald Trump’s ego, has, in all likelihood, earned the UK one of the better reciprocal tariff rates of 10% on goods entering the US market.
Others haven’t fared so well, and with trade superpowers like China retaliating, the global economy is in something of a tailspin. Even with a favourable tariff rate, the knock-on effect for the UK is likely to be higher prices and even more fragile confidence among consumers and patients.
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