Asked by the BBC early on Monday if he would target the UK with tariffs, the US President said it “might happen”, but that it “would definitely happen with the European Union, I can tell you that.
He added: “So the UK is way out of line …but I think that one can be worked out.
Trump also said discussions with Sir Keir Starmer had “been very nice”, adding: “We’ve had a couple of meetings. We’ve had numerous phone calls. We’re getting along very well, we’ll see if we can balance out our budget.”
He said the sweeping tariffs, which also include a 10% tax on Chinese goods, may cause “short term” pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.
“They owe us a lot of money, and I’m sure they’re going to pay.”
Critics say the Republican president’s plan to impose 25% tariffs on Canada and Mexico and 10% tariffs on China will slow global growth and drive prices higher for Americans.
“We may have short term some little pain, and people understand that. But long term, the United States has been ripped off by virtually every country in the world,” he said.
“Economically speaking, escalating trade tensions are a lose-lose situation for all countries involved,” the analysts wrote in a note on Sunday.
With agencies
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