UK Prime Minister Keir Starmer is expected to appreciate the reasoning behind US President Donald Trump’s latest push for taxes, yet as he maintains that for protectionist measures are the wrong strategy, according to The Times.
In a statement due to be delivered on Sunday, the Labour head is set to declare that he recognises why Trump’s economic nationalism speaks with some voters. However, he may even say that taxes ultimately do more harm than good.
” Trump has done something that we don’t believe with but there’s a reason why people are behind him on this”, a spokeswoman for the Prime Minister told The Times.
” The world has changed, modernization is over and we are now in a new age. We’ve got to show that our method, a more effective Labour government, a more liberal state, can provide the answers for people in every piece of this state”, the spokesperson added, quoted by the New York Post.
Starmer will even throw light on what he sees as the close of globalisation, saying that free industry and mass movement, when considered foundations of modern monetary policy, have failed large parts of the voters.
Although Starmer has not yet spoken to President Trump about the newly announced taxes, he did raise the issue with French President Emmanuel Macron during a telephone contact on Saturday. Both leaders officially agreed that a trade war may gain no one, though “nothing may be off the board”, according to the statement.
Trump’s sweeping new levies, announced on Wednesday, include a 10 % tax on all products imported from the UK, portion of a broader plan targeting virtually every country in the world.
