Vice-president says Donald Trump ‘loves’ the UK and there is good chance of reaching mutually beneficial agreement
The US is optimistic it can negotiate a “great” trade deal with the UK, JD Vance has said.
Donald
Trump imposed sweeping tariffs on imports to the US several weeks ago,
sending the global economy into turmoil as stock prices tumbled and
fears of a global recession mounted.
Since
then, Trump has rowed back on many tariffs, reducing the rate paid on
imports from most countries to 10% and exempting electronics such as
smartphones and laptops from the levies, including the 145% charge on
imports from China.
Britain was spared the
most punitive treatment in Trump’s initial tariff announcement, due to
the two sides enjoying a largely balanced trade relationship. But
British imports in the U.S. still incur a 10% charge while its steel and
car sectors incur a rate of 25%.
Officials
from both countries have been locked in talks for weeks that initially
focused on boosting cooperation on artificial intelligence and tech but
could also expand to include food and other goods.
The UK government hopes it can strike a deal that would exempt the UK from Trump’s tariffs.
In an interview on Tuesday with the website UnHerd, Vance, Trump’s vice-president, said he was optimistic both sides could come to a mutually beneficial agreement.
“We’re certainly working very hard with Keir Starmer’s government” on a
trade deal, he said. “The president really loves the United Kingdom. He
loved the queen. He admires and loves the king. It is a very important
relationship. And he’s a businessman and has a number of important
business relationships in [Britain]. But I think it’s much deeper than
that.
“There’s a real cultural affinity. And, of course, fundamentally,
America is an Anglo country. I think there’s a good chance that, yes,
we’ll come to a great agreement that’s in the best interest of both
countries.”
The chancellor, Rachel Reeves, will aim to continue negotiations for an
economic deal with the US later this month when she travels to
Washington to attend the International Monetary Fund’s spring meetings
with other finance ministers.
Vance said the “reciprocal relationship” between the US and UK gave
Britain a more advantageous position than other European countries when
it came to negotiating new trade arrangements.
“While we love the Germans, they are heavily dependent on exporting to
the United States but are pretty tough on a lot of American businesses
that would like to export into Germany,” he said.
He added that he wanted to see European leaders strengthen their
immigration and defence policies. “European populations keep on crying
out for more sensible economic and migration policies, and the leaders
of Europe keep on going through these elections, and keep on offering
the European peoples the opposite of what they seem to have voted for.”
He said it was “not in Europe’s interest, and it’s not in America’s
interest, for Europe to be a permanent security vassal of the United
States,” noting that a strong Europe was “good for the United States” to
challenge and rein in its foreign policy mistakes, such as the Suez
crisis and the Iraq war.
He added: “I love Europe. I love European people. I’ve said repeatedly
that I think that you can’t separate American culture from European
culture. We’re very much a product of philosophies, theologies, and of
course the migration patterns that came out of Europe that launched the
United States of America.”
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