Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
0.00%
CAC 40
8,714.93
0.00%
STOXX 50
6,523.86
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 07 November 2024 1:07 pm  |  Updated:  Thursday 07 November 2024 1:08 pm

Labour must get Trump relationship right to avoid tariff chaos, Stride warns

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
Mel Stride has said that Donald Trump’s victory in the US election is a “lesson about economics” for the UK. Photo: PA
Mel Stride has said that Donald Trump’s victory in the US election is a “lesson about economics” for the UK. Photo: PA

Shadow Chancellor Mel Stride has said that it is essential for the Labour government to develop a good relationship with Donald Trump in a bid to avoid the damaging impact of any potential trade tariffs.

The incoming US president has said he may put tariffs of 10 to 20 per cent on countries such as the UK, in a bid to shore up jobs and manufacturing in the United States.

Speaking on BBC Radio 4’s Today programme, Stride said: “The first and most important thing is America is a hugely important ally, and we need to make sure that we have a very firm and good relationship with the Trump administration.

“This government has not gone off to the best start in that respect, in terms of comments that have been made by members of the front bench, but it is primarily about relationships.

“But you’re absolutely right, we have over £300bn worth of exports to the United States, our most important trading partner, so it’s important that we get that relationship right.”

Keir Starmer’s government has come under criticism after foreign secretary David Lammy’s comments about Trump, who described him as a “woman-hating, neo-Nazi-sympathising sociopath” and said he was a “profound threat to the international order”.

But cabinet office minister Pat McFadden insisted today that comments from Labour ministers about Trump will not “interfere” in the “important alliance” between the UK and US.

“The alliance between Britain and the US is long and deep and enduring,” he told Sky News, and cited the “good, productive dinner” Keir Starmer shared with Trump a few weeks ago. 

McFadden added that Starmer’s first phone call with Trump was a “congratulations on your win”, and pledged that Britain would continue to “back Ukraine fully”.

He stressed that the Labour Party will not “lecture” other centre-left parties on their campaigns or over living standards – and advised people to “wait and see” what Trump “actually does” on trade and potential tariffs, describing campaign statements as “fiery”.

Read more

Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride

Mel Stride addressing an audience at a business conference, standing at a podium with a presentation screen behind him

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

People & Organisations

  • BBC
  • Donald Trump
  • Keir Starmer
  • Kemi Badenoch
  • Labour Party
  • Mel Stride
  • OBR
  • Pat McFadden
  • UK Government
  • Ukraine
  • US election 2024

Trending Articles

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

  • Hargreaves Lansdown orders staff back to office

  • A tribute to wine legend Matthew Jukes by his friend Libby Brodie

More from Morning Wire

  • Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride

    Economics
    Mel Stride addressing an audience at a business conference, standing at a podium with a presentation screen behind him
  • Trump and Infantino: The venomous relationship between sport and politics

    Sport Business
    GettyImages 2250174638 likely features a relevant business scene or newsworthy event, fitting for a general news article c...
  • IMF offers UK modest growth upgrade despite fresh Iran war tension

    Economics
    Rachel Reeves delivering Spring Statement 2026 at UK Parliament, addressing economic policies and fiscal strategies.
  • As it happened: Stocks jump as oil drops below $100; Trump in tariff blitz

    Markets
    Donald Trump speaking at a press conference with microphones, blue sky background
  • Donald Trump is creeping towards a shrewd sanctions policy

    Opinion
    Donald Trump holding a red TRUMP 2028 hat, wearing a tuxedo with an American flag in the background
  • Nearly 1m people to pay higher tax ‘by stealth’

    Economics
    Tax Trap: Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year
  • Burnham accused of imposing ‘top–down’ devolution 

    Politics
    Andy Burnham speaking at 10 NORTH event, gesturing while discussing devolution plan.
  • Citi chief’s cowed Trump comments reveal corporate America’s tightrope

    Banking
    Jane Fraser, Citi CEO, speaking at a podium with a microphone, wearing glasses and a purple top.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook