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Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates


The era of globalisation as we know it ‘has come to an end’, UK minister says

Here is some more reaction to the tariffs from London, where ministers are weighing up a response to Trump’s higher levies.

Darren Jones, chief secretary to the Treasury, has been speaking to Laura Kuenssberg on her BBC Sunday politics programme. Here is a roundup of what he said:

  • People should be prepared for things to be tougher in the global economy.

  • Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over, Jones said: “Yeah, it’s ended. Globalisation, as we’ve known it for the last number of decades, has come to an end.”

  • It is in the best interest of the British economy and workers to “get trade deals across the line”.

  • Jones said the government thinks a deal with Trump on tariffs can be reached, with talks ongoing. “We’re hoping to do a deal,” Jones said, adding that “we have a better outcome than other comparable countries as a consequence of our diplomacy”.

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Lisa O'Carroll

Lisa O’Carroll

The White House’s tariff wars also risk reopening simmering Brexit tensions in Northern Ireland, as my colleague Lisa O’Carroll explains:

Donald Trump’s tariff plan could undermine the Brexit deal between the EU and the UK for trading arrangements in Northern Ireland, a highly sensitive agreement designed to maintain the 1998 peace pact.

As part of the president’s attempt to spur on a “rebirth” of the US, Trump has imposed a two-tier tariff rate on the island of Ireland – with a 20% tax on exports from the republic but a 10% rate on the UK, including Northern Ireland.

A former EU commissioner has questioned whether Trump thought through his plan’s effect on the peace process brokered by the US almost 30 years ago.

Although it could put Northern Ireland at an advantage over the Republic of Ireland for exports such as whisky and dairy produce, a political problem could arise if the EU retaliates with like-for-like tariffs of 20% on US imports.

Under the Windsor framework, the EU tariffs will apply in Northern Ireland, creating a manufacturing price difference between Northern Ireland and Great Britain for any important components from the US.

You can read the full story here:

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