Treasury Minister Declares End of the Globalization Era

Treasury Minister Declares End of the Globalization Era

Chief Secretary to the Treasury Darren Jones has characterized the age ofglobalization as over" in the wake of Donald Trump's new tariffs. It follows comments from Prime Minister Sir Keir Starmer who indicated Sunday Telegraph article He was preparing to declare state action aimed at safeguarding British companies from the measures imposed by the US president. The United Kingdom faced a baseline import tariff of 10%, along with several other countries. Talks to negotiate a trade agreement and decrease these duties remain ongoing. "As we have understood globalization over the past few decades, it has reached its conclusion," Jones noted during the interview. The conservative leader, Kemi Badenoch, did not agree that globalization has ended and highlighted "excellent" trade relations with various nations. There are concerns about a worldwide economic downturn Following President Trump's declaration of "Liberation Day," he imposed …