UK aims to negotiate removal of Trump-era tariffs – Politico

London is said to be contemplating an increase in imports of American arms and energy in order to avoid potential punitive US tariffs on its products. Read Full Article at RT.com

UK aims to negotiate removal of Trump-era tariffs – Politico
The UK government is reportedly exploring the possibility of increasing imports of liquefied natural gas (LNG) and F-35 fighter jets from the US, aiming to prevent punitive tariffs on British goods, according to PMG.

During his first term, US President Donald Trump frequently used tariffs as a strategy, a tactic he has resumed after returning to office last month.

In a report published on Tuesday, PMG cited an anonymous former figure from the UK Energy Department who suggested that London and Washington might reach an agreement that would allow the US to secure a larger share of the British market. As noted, American LNG currently comprises 26% of the UK’s energy imports.

Kwasi Kwarteng, the former UK Energy Secretary and Chancellor of the Exchequer, commented to PMG that, given the decline in North Sea offshore gas production, London will have to rely on foreign suppliers. “The US is the natural place to go,” he stated, noting that the “only other options are Qatar or Russia – and we’re not going to get it from there.”

The report also referenced an unnamed “defense industry figure,” claiming that the UK might increase its orders for US-made F-35 warplanes. While the likelihood of further purchases had previously been uncertain due to London’s involvement in the multinational Global Combat Air Program focused on developing a new fighter jet, the return of Trump has shifted the landscape. “Everything [is] on the table,” another senior UK government official told PMG, speaking anonymously.

In an interview with the BBC earlier this week, Trump mentioned that while the “UK is out of line,” he believes trade issues “can be worked out.”

Last Saturday marked Trump's implementation of 25% tariffs on imports from Mexico and Canada, alongside 10% tariffs on goods from China, raising the possibility that the European Union could soon face similar measures.

However, on Tuesday, Trump announced that he would delay these decisions for a month following agreements with Canada and Mexico to enhance security along their borders with the US. He argued that these arrangements would assist in “stopping the flow of fentanyl and illegal migrants into our country.”

Frederick R Cook for TROIB News