Trump Last: The President of the United States is announcing plans for new tariffs for trading partners – including any country charging Moms | Us news

“This is a total trade war that he talks about launching here,” says business and economic correspondent Paul Kelso, responding to Donald Trump’s customs notice.

Until now, Britain thought it could be able to “curl through the chaos” in Trump’s new trade policy, Kelso says.

Since being outside the EU, Britain does not have a trade deficit with the United States, which is what Trump “hates … Despite the benefits, US consumers give in cheap goods”.

British exports to the United States approx. 70 billion Pounds more than it imports, he says.

But today customs duties and Trump’s decision that they will hit countries with VAT, “will definitely put Britain more on the back of the back than it thought it was”.

“The United Kingdom thought it could be in the clear here – (but) add 20% to the cost of UK exports to the US, we’re talking about $ 25 billion added to the trade agreement.

“We will have to see what is actually happening, but this is definitely a headache for British exporters and for a government trying to develop a collaboration with the United States under Donald Trump.”