UK Officials Confirm Lower US Tariffs Seen as Brexit Dividend

Canadian Prime Minister Mark Carney has criticized the Trump Administration's tariff policies, warning that they could weaken the U.S. economy similarly to the effects of Brexit on the UK. Carney's remarks come as President Trump announced a new wave of tariffs, including a 10% levy on the UK and 20% on the EU, which has caused significant market volatility. While some Brexiteers tout the lower tariffs as a 'Brexit dividend,' Labour MP Darren Jones acknowledged that the UK has been treated differently from the EU, admitting that there is indeed a 'Brexit dividend' in the form of reduced tariffs. However, he emphasized that the government will not choose between the U.S. and the EU in trade negotiations. In light of these tariffs, Sir Keir Starmer is preparing to announce measures to protect British businesses, indicating a shift away from globalization. The overall situation reflects a complex and contentious trade environment amid changing international relations.