British Prime Minister Kir Starmer said on Sunday that Britain’s industries would be saved from US President Donald Trump’s global trade tariff storm. Along with this, he also emphasized on the plan of trade agreement with the US. He said that no one will benefit from the trade war. He emphasized that Britain is struggling for the best trade agreement. He emphasized that government intervention is likely to protect local industries.
The stormers will address the British people on Monday, in which they will probably announce the end of the era of globalization. According to media reports, globalization began in 1991 after the collapse of the Soviet Union. However, globalization has disappointed those who believe in it, as 10 percent of Baseline Tariff of Trump has pushed the global markets into uncertainty.
The Times report, citing a senior British officer, states that the stormer administration does not agree with Trump’s tariff policy, but admits that a new era has begun, with many people support the ideas of the US President. According to the Times report, the stormer said, “Globalization is not useful for many people.” We do not believe that trade war is the only solution.
Trump is moving towards the removal of trade barriers. The stormer admitted that it would resulting in increasing competition and the country would start trying to increase domestic production. Agreeing with the idea of the stormer, HSBC Bank chief Sir Mark Tucker also said that the work of globalization is probably ended now. He predicted that the growing global stress and Trump’s aggressive trade policies are likely to be divided into small groups of the world.
The post The era of globalization in the world will end, the regionalism of small groups will increase: Stmper first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
