Labour Praises Brexit for Lower Tariff Rate – Guido Fawkes

Labour Praises Brexit for Lower Tariff Rate

mdi-fullscreen

Last night, President Trump announced 10% tariffs on all UK imports – the lowest rate currently on offer. Trump’s team crunched the numbers and slapped tariffs almost entirely based on each country’s trade balance with and imports to the US – so nothing to do with Starmer’s “triumphant” Oval Office meeting or subsequent deal negotiations. Hence why the UK now enjoys the same rate as Lula’s Brazil, the Congo, Kosovo, and Costa Rica…

Still, over in Number 10, small sighs of relief could be heard as Britain avoided the 20% battering reserved for the EU. A Downing Street spokesman claimed the lower levy “vindicated the government’s approach,” while Business Secretary Jonathan Reynolds said this morning, “we’ve got a good result, relatively.” Pressed on Times Radio whether this was a Brexit victory, Reynolds reluctantly admitted:

“The UK is in a better position than a lot of other countries from what was announced last night. I’m happy that we in the UK can set our own trade policy in our own interest.”

Translation: Brexit dodged double tariffs. Meanwhile, Remainer-in-Chief Keir Starmer is pushing to pursue a trade deal rather than hitting back with retaliatory taxes, telling business leaders this morning “Our intention remains to secure a deal, but nothing is off the table.” Reynolds added this morning that it was wrong to suggest a deal had been reached and was imminent…