Keir Starmer, the UK Prime Minister, engaged in constructive talks regarding an economic deal with US President Donald Trump in preparation for a crucial week where the UK government aims to negotiate exceptions from forthcoming US tariffs. The leaders agreed to continue negotiations swiftly and stay in contact in the upcoming days. The US is anticipated to announce reciprocal tariffs on Wednesday, which experts warn could negatively impact UK economic growth and lead to tax increases later in the year.

Trump is focused on rebalancing trade to address what it perceives as unfair treatment towards the US, which includes considering non-tariff obstacles like taxes and regulations. Starmer has been actively fostering relations with the White House for some time and is contemplating reducing digital taxes on American tech companies to attain special treatment for the UK.

In addition to economic matters, Starmer and Trump also discussed the importance of maintaining pressure on Russian President Vladimir Putin. Trump expressed frustration at Putin's perceived delays in a ceasefire deal with Ukraine and threatened to impose secondary sanctions on Russian oil sales if Russia did not cooperate adequately.

Last week, Trump preempted the scheduled announcement of tariffs this week by announcing a 25% tariff on car imports effective April 3, with additional levies expected on goods from the UK, EU, and Canada. UK officials are engaged in intensive discussions with the US to secure exemptions or reductions, as mentioned by Home Secretary Yvette Cooper in a statement to Sky News. Cooper did not rule out the possibility of UK retaliation, emphasizing that all options were being considered in the interest of the country.