According to the UK government’s official website, GOV.UK, Washington slashed tariffs on UK car imports to 10 per cent from 27.5 per cent and eliminated tariffs on steel and aluminium, reducing them from 25 per cent to zero.
In fact, when US President Donald Trump made the “Liberation Day” tariff announcement on April 2, consumers here seemed largely indifferent to the political impact of tariffs.
As observed by Bernama around King’s Parade, one of the busiest tourist streets in central Cambridge following Thursday’s (May 8) tariffs announcement, American fast food chains remained crowded with people enjoying burgers and fried chicken, coffee continued to be sipped, and the Apple store was as busy as ever.
Perhaps the reality in Cambridge is that its economy is not tied to the industries most affected by tariffs.
For most people here, the tariff dispute always felt distant or perhaps irrelevant.
At Thursday’s close, Rolls-Royce rose 3.66 per cent to 794 pence (100 pence=RM5.68) a piece, while Melrose was 5.21 per cent higher at 470.70 pence a piece.
Muted consumer attitudes
In Cambridge, American fast food chains remain as popular as ever, with visitors, students and professionals continuing to dine at these restaurants or shop at the stores of American tech giants without a second thought.
For them, it represents an opportunity to expand market access in the world’s largest economy.
However, this change will likely be absorbed quietly in Cambridge, the centuries-old university town by the River Cam.
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