US tariffs risk having ‘really damaging impact’ on global economy, warns Home Secretary
US tariffs risk having ‘really damaging impact’ on global economy, warns Home Secretary
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US trade tariffs risk having a “really damaging impact” on the global economy, the Home Secretary warned yesterday. It came as Donald Trump slapped a 25 per cent levy on goods from Mexico and Canada, with ten per cent on Chinese items. Retaliatory measures are expected. Yvette Cooper said: “Tariff increases right across the world can have a really damaging impact on global growth and trade, so I don’t think it’s what anybody wants to see.”.
She added: “We want to reduce barriers to trade, make it easier for businesses.”. Trump has also indicated that the EU could also be hit with tariffs on goods. He also says Canada should become the 51st state in America to avoid the levies. In a post on his Truth Social platform, he wrote the tariffs will be worth the “pain” to help create a “golden age of America”. Sir Keir, who heads to Brussels for talks today said that he wants a “strong trading relationship” with the US.