Jeremy Hunt Urges 'Singapore-on-Thames' Model as UK Weighs Retaliatory Tariffs

The UK government begins consultations on potential tariffs against US goods, while Hunt warns of economic risks from protectionism.

Jeremy Hunt has called for the UK to adopt a 'Singapore-on-Thames' economic model, emphasizing free trade and competitiveness.
Hunt cautioned that retaliatory tariffs on US goods could harm the UK economy and living standards, risking recession and stagnation.
The UK government has launched a four-week consultation on potential tariffs targeting American exports, including bourbon, jeans, and motorcycles.
Prime Minister Keir Starmer has pledged a measured response to US tariffs, aiming to balance economic stability with trade policy decisions.
The global trade war, triggered by President Trump's new tariffs, has raised fears of a global recession and economic instability.