British PM Keir Starmer likely to declare end of globalisation amid Trump’s tariff war
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The UK prime minister is also expected to acknowledge that he understands Trump’s thrust on economic nationalism. File photo

British PM Keir Starmer likely to declare end of globalisation amid Trump’s tariff war

Keir Starmer, despite being opposed to Trump’s reciprocal tariffs, reportedly admits that free trade and migration do not work in the current era


In the wake of the reciprocal tariff announcement by US president Donald Trump, British Prime Minister Keir Starmer is likely to declare that the age of globalisation, which made an advent in the 1990s, has reached its end.

The Times quoting a senior British official said that even though Starmer doesn’t back Trump’s extreme policies and reciprocal tariffs, he understands that the age of globalisation is over and a new era – and which is backed by millions of voters who elected Trump to power and do not believe in free trade and migration – has begun.

Also read: Trump and the reign of voodoo economics; India too on sticky wicket

‘Globalisation doesn’t work’

“Globalisation doesn’t work for a lot of working people. We don’t believe trade wars are the answer. This is a chance to show that there’s a different path,” the British official quoted Starmer, as reported by the Times.

“We’ve got to demonstrate that our approach, a more active Labour government, a more reformist government, can provide answers for people in every part of this country,” the official quoted Starmer as saying.

Boost in domestic productivity

The report says that the UK prime minister is also expected to acknowledge that he understands Trump’s thrust on economic nationalism.

Commenting on the Trump administration's raised tariffs on several countries, Starmer reportedly said that the same will trigger increased competition and prompt countries to boost domestic productivity and ramp up domestic production through supply-side reforms.

This would be Starmer’s first address to the country since Trump announced reciprocal tariffs on global trade partners who export goods to the US.

Also read: Trump's Liberation Day mystery: Who actually devised tariff formula?

Later in the week, Starmer and Chancellor Rachel Reeves will likely announce pro-growth data, which includes relaxing rules for electric vehicle manufacturers and briefing government strategy on industrial strategy.

Trump’s tariffs

On April 2, as several nations waited with bated breath, Trump announced reciprocal tariffs which besides imposing higher taxes on nations the US trades with, also levied a baseline tariff of 10 per cent.

“To all the foreign presidents, prime ministers, kings, queens, ambassadors and everyone else who will soon be calling to ask for exemptions from these tariffs, I say, ‘Terminate your own tariffs, drop your barriers,’” Trump had said.

Also read: Trump's tariffs send US stocks into a spiral, Dow Jones down by 1,600 points

“April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again," Trump added.


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