UK prepares for impact of tariffs amid negotiations

Tough times: Reeves speaking in the House of Commons in London. Higher bills and coming tax rises for businesses are heaping pressure on Starmer and Reeves, who are already facing dissent over cuts to welfare and departmental spending. — Reuters

LONDON: THE UK government is bracing for US tariffs outlined by President Donald Trump this week to hit the British economy, even as the two governments continue talks on a potential carve-out.

Chancellor of the Exchequer Rachel Reeves told the cabinet on Tuesday that “the tariffs would have an impact on the United Kingdom, which has an open trading economy,” Dave Pares, the spokesman for Prime Minister Keir Starmer, told reporters, while declining to elaborate on those effects.