UK would need ‘extraordinary’ deal to go below 10% tariff, Trump adviser says
Sir Keir Starmer’s Government still hopes an economic deal with America can be reached.
It would take an “extraordinary deal” for the UK to improve on the 10% tariff Donald Trump has placed on the country, an adviser to the president suggested.
Sir Keir Starmer’s Government still hopes an economic deal with America can be reached to soften the blow of tariffs.
Most countries now face the same 10% rate as the UK on importing goods to America after the US president temporarily halted the sweeping “retaliatory” tariffs which had sent global markets into turmoil.
Kevin Hassett, a senior economic adviser to Mr Trump, said any deal that would persuade the president to go below that would need to be “extraordinary”.
“I think everybody expects that the 10% baseline tariff is going to be the baseline,” he told CNBC.
“It is going to take some kind of extraordinary deal for the president to go below there.”
