Britain will try and pick its way through any looming tit for tat between its two key trading partners
Container ship ‘Vung Tau Express’. About 90% of non-bulk cargo worldwide is transported by such vessels; President-elect Trump has hinted that he will introduce trade tariffs British and European sources said that the UK and the EU were unlikely to formally work together to respond to US tariffs now that Britain is outside the bloc.on all imports, as well as higher tariffs of 60 per cent or even 100 per cent on countries such as China and Mexico.
A European diplomat agreed that the UK could try to go it alone on trade, although they said they were “sceptical” that Britain would be spared US tariffs because of this.According to the European Commission, the United States is the third-largest exporter in the world, behind China, which is the biggest, followed by the EU. However, the US is the biggest importer of goods globally, followed by the EU and then China.
A UK Government source hinted that Britain would try to chart its own course, pointing out that Britain now has more freedom to design a trade policy which could achieve different things in different markets.
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