Trump Threatens to Alter UK Trade Deal’s Terms, Sky News Reports

Article content(Bloomberg) — US President Donald Trump suggested he might want to renege on the terms of a tariff deal the US reached with the UK as he raised complaints about Britain’s domestic policies and Prime Minister Keir Starmer.Sign In or Create an AccountEmail AddressContinueor View more offersArticle content“We gave them a good trade deal. Better than I had to. Which can always be changed,” Trump said in a brief interview with Sky News published Wednesday.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTrump and Starmer last year agreed to implement a trade pact that was favorable compared to the deals struck with many other US allies, promising to lower tariffs on key British exports and raise UK quotas on certain American agricultural products. The remarks arrive as leaders from the two counties are locked in a heated exchange over the UK’s reluctance to get involved in the US’s war in Iran.Article contentArticle contentThe trade deal reached last summer sets a baseline 10% tariff on many British goods. And the US has created some carve outs that give favorable trade terms for the UK’s civil aerospace aircraft sector and the country’s auto exports.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentHowever, Trump’s ability to unilaterally impose new tariffs was undercut in February in a landmark Supreme Court decision. That ruling invalidated many of his import-duty plans, even while Trump administration officials have said they are working to rebuild that tariff wall in the coming months. However, the White House now has to rely on legal authority that can be slow to implement and is more limited in scope.Article contentEarlier: Bessent Says Trump’s Tariff Rates Could Be Restored by JulyArticle contentTrump told Sky News that the state of the special relationship between the US and UK was “sad,” adding that he likes Starmer, but thinks he’s made “tragic” policy mistakes, like limiting oil drilling in the North Sea.Article content“I love your country and I would love to see it succeed. But if you have bad immigration policies and bad energy policies, you have the worst of both. You can’t succeed, not possible,” Trump added.Article contentArticle contentThe UK leader has rebuffed the US president’s requests to assist the US Navy in a blockade of the Strait of Hormuz. Starmer also declined to allow US bombers to use British bases in the initial attack on Iran and to allow permit limited use subsequently, a decision that has attracted Trump’s ire, who has said the prime minister is no Winston Churchill.Article contentSpeaking at the outbreak of the war, UK Chancellor of the Exchequer Rachel Reeves had said the UK shouldn’t sacrifice its principles for more favorable trading terms.Article contentDespite the Trump-Starmer spat, King Charles III is set to visit Washington at the end of the month. The state visit — Charles’s first such trip since becoming king in 2022 — comes as the US prepares to mark the 250th anniversary of its independence from Britain.Article content“He’s a great gentleman, a friend of mine,” Trump told Sky News of the king. “He’s a fantastic person.”Article contentTrending Forcing people to pay a moral tax if they leave the country won't inspire them to stay Personal Finance Posthaste: Canadian dollar is being dumped from FX reserves at a record pace. What's going on? News Canada needs to invest $1.8 trillion over the next decade in six key sectors, says RBC News What is Anthropic's Mythos AI model and why does it have the financial world in a panic? Innovation China shock 2.0: the flood of high-tech goods that will change the world Financial Times Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Forcing people to pay a moral tax if they leave the country won't inspire them to stay Personal Finance Posthaste: Canadian dollar is being dumped from FX reserves at a record pace. What's going on? News Canada needs to invest $1.8 trillion over the next decade in six key sectors, says RBC News What is Anthropic's Mythos AI model and why does it have the financial world in a panic? Innovation China shock 2.0: the flood of high-tech goods that will change the world Financial Times