The British government has not yet monitored the possibility of defending customs duties on the United States, the British Minister of Finance Rachel Reeves stated this in an interview with Sky News.
"At the moment, we are not in a position to take any measures that will lead to the escalation of these trade wars. Commercial confrontation does not benefit anyone. Ultimately, it will lead to rising prices for consumers, increasing inflation, despite all our efforts to curb it, as well as the export of British companies, - said the Minister.
- We strive to provide good trading relations with the United States, and the next week will be of great importance.
Today, a new stage of negotiations will take place today, so let's see what we will achieve in the coming days. "US President Donald Trump has set 25% customs duties for importing all cars outside the country. The command will come into force on April 2. On February 10, he ordered to set 25% customs duties on all steel and aluminum imported to the country. The decision entered into force on March 12.
