Globalisation era has ended, says Treasury minister

Quick Summary:

Sir Keir Starmer has suggested there could be state intervention to protect UK business from tariffs introduced by Donald Trump.

There are fears of a global recession following President Trump's "Liberation Day", when he announced sweeping import taxes, sparking retaliatory action from countries including China and Canada.

However, she told Laura Kuenssberg she did not agree globalisation was over, insisting what was happening was only "fragmentation" and that "we still have a great trading relationship with many other countries".

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Article Details

Category: Business

Markets: United KingdomCanadaChina

Topics: Countries Government Badenoch Minister Globalisation Deal Jones Prime Tariffs Other

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 11:59:20 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 844 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27620272

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Official Website: bbc.co.uk

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Year Established: 1922

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