36m ago
17.03 BST
'We've
just been shafted' - Badenoch denounces US-UK trade deal
Kemi
Badenoch, who is a fan of social media, has been reading Truth Social, where
Donald Trump has posted these messages about the US-UK trade deal.
Today is
an incredible day for America as we deliver our first Fair, Open, and
Reciprocal Trade Deal — Something our past Presidents never cared about.
Together with our strong Ally, the United Kingdom, we have reached the first,
historic Trade Deal since Liberation Day. As part of this Deal, America will
raise $6 BILLION DOLLARS in External Revenue from 10% Tariffs, $5 BILLION
DOLLARS in new Export Opportunities for our Great Ranchers, Farmers, and
Producers, and enhance the National Security of both the U.S. and the UK
through the creation of an Aluminum and Steel Trading Zone, and a secure
Pharmaceutical Supply Chain. This Deal shows that if you respect America, and
bring serious proposals to the table, America is OPEN FOR BUSINESS. Many more
to come — STAY TUNED!
Based on these figures, Badenoch said in a statement:
When
Labour negotiates, Britain loses.
We cut
our tariffs — America tripled theirs.
Keir
Starmer called this ‘historic.’ It’s not historic, we’ve just been shafted!
In fact, the
UK was shafted in early April, when President Trump announced his global
tariffs. Today’s outcome amounts to a partial unshafting – but not a total one,
as Keir Starmer sort of accepted during his Q&A. (See 4.33pm).
When Trump
announced his global tariffs, the Tories issued a news release saying this was
“disappointing news”. But they criticised Labour for not negotiating
exemptions, and they said Britain was getting a Brexit bonus because its
tariffs were lower than the EU’s (a situation that lasted only a week, because
Trump subsequently suspended the additional tariffs that applied to the EU).
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