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Starmer warns about Trump’s tariff

says it is not just a short-term tactical exercise

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Starmer calls for restrain in Israel-Iran airstrikes

Starmer, the UK. Prime Minister on Thursday, April 3, said Trump tariffs are the start of ‘new era’, and not just ‘short-term tactical exercise’.

Some commentators have assumed that President Trump is just using tariffs as a negotiating ploy.

Given that he has announced tariffs on Canada and Mexico, only to cancel them very quickly, there is a theory that he is doing the same thing again, only on a global scale.

According to The Guardian, alternatively, there is a view that a prolonged, negative reaction could lead him to change his mind quite soon.

The negative reaction comprise of:

  • falling share prices,
  • rising inflation,
  • higher unemployment.

During the Q&A at the Labour local elections campaign launch earlier, Keir Starmer in effect rejected all these theories.

He said that what Trump was doing was the start of “a new era”.

Starmer explicitly compared the challenge posed by Trump’s economic policies to the challenge posed by his security policies, which have led to European countries ramping up defence spending.

While speaking with reporters, Starmer said:

“There’s a really important moment here that we need to understand, because over the last few months we’ve been talking about a new era when it comes to defence and security, and recognising that we are in a changing world, going into a new era, and therefore we have to act and lead differently.

“We’re at a similar point for trade and the economy. This is not just a short-term tactical exercise. It is the beginning of a new era.

“We need to understand that, just as we’ve understood it for defence and security. We have to understand the changing world when it comes to trade and the economy.

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“And I’m very concerned that we get this argument out there because it means that we have to adapt in ways which go beyond the mere question of tariffs.

“And that’s why I’ve instructed my team to go further and faster on what we need to do to put more resilience and more strength into our economy.”

 

But Starmer did not really explore what the policy implications of this were.

In his comments about strengthening the economy, he mostly spoke about things the government is already doing, such as planning reform.

Some parties, like the Liberal Democrats, the Green party and Plaid Cymru agree with Starmer about the UK facing a new era.

They also argue that it is one that requires rejoining the EU single market or the customs union.

However, Starmer has shown no inclination that he agrees, and instead says the UK should not choose between the US and Europe.

Donald Trump’s tariff plan could undermine the Brexit deal between the EU and the UK for trading arrangements in Northern Ireland.

This was actually a highly sensitive agreement designed to maintain the 1998 peace pact, Lisa O’Carroll reports.


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