Globalization is over .. and all the options are offered

Yesterday, British Prime Minister Kiir Starmer expressed his government’s willingness to intervene more in the economy to protect the local industry from American customs duties, considering that globalization as it was a “ended”.

The leader of the Labor Party said in an opinion article published by the conservative newspaper “Telegraph”.

The US President, Donald Trump, recently imposed 10% customs duties on British exports to the United States, a level lower than the 20% customs duties imposed on European Union goods.

“We are ready to use the industrial policy to protect British companies from the storm,” Starmer added, while admitting that in the country that is the cradle of economic liberalism and free trade, “some may feel uncomfortable with this idea.”

He continued: “But we cannot simply adhere to our old feelings at a time when the world changes so quickly,” explaining that he intends to announce measures next week to “improve the competitiveness” of the British economy.

London has not announced any response to US customs duties, while the government has been negotiating for weeks with the Trump administration on an economic agreement that can remove all customs duties or at least a portion of them.

Starmer stressed that “the direct priority is to preserve calm, and work hard to reach the best possible agreement,” stressing that “all options remain on proposed”, at a time when the Labor Party government launched consultations with the business community on a “possible response”.

The Prime Minister stressed, “I will not conclude an agreement (with the United States) unless it is beneficial to British companies and the safety of workers.”

For his part, Darren Jones, Secretary -General of the British Treasury, stressed that London will not “reduce food standards” in a future agreement, in light of British farmers’ concern about future competition with American producers, he told Sky News.

In a phone conversation, the day before yesterday, Starmer and French President Emmanuel Macron agreed that the trade war “does not serve the interests of anyone, but nothing should be excluded.”