Trump said the baseline tariff level could be much higher for other countries than the 10% that Britain agreed to.

The planned deal was the first outlined since Trump began his stutter-step efforts to rewire the global economy by dramatically increasing import taxes in an attempt to increase domestic manufacturing.

Starmer stuck with Sunak’s targeted strategy, aiming at emerging sectors like biotech and AI. But the urgency to act grew after Trump’s return and his imposition of steep tariffs.