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Keir Starmer to discuss steel tariffs with Donald Trump

Starmer plans to confront Trump over steel tariffs amidst rising UK retail sales in June.

July 25, 2025 at 06:37 AM

Keir Starmer to push Donald Trump on steel tariffs; British retail sales rise in June - business live

Analysis of Keir Starmer's steel tariff discussions with Donald Trump and UK retail sales recovery.

Keir Starmer confronts Donald Trump on steel tariffs while UK retail sales rebound

Keir Starmer, the UK Labour leader, is poised to engage Donald Trump on steel tariffs during Trump's state visit, as UK retail sales show a 0.9% rise in June. The increase in sales follows a significant drop in May, primarily driven by warm weather boosting supermarket transactions. Although this rebound is promising, it falls short of economist expectations, who anticipated a 1.2% increase. Concerns linger around inflation and consumer reluctance due to rising costs, creating pressure on the retail sector's recovery.

Key Takeaways

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Keir Starmer is addressing steel tariffs with Donald Trump.

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UK retail sales rose by 0.9% in June after a 2.8% fall in May.

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Sales growth didn't meet economists' forecasts of a 1.2% increase.

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Concerns about rising inflation and cost pressures affect consumer spending.

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Retailers are calling for government support on business rates and taxes.

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Starmer's discussions could influence future UK-US trade relations.

"I believe he’s going to do the right thing."

Trump shows some restraint regarding his earlier threats against Powell.

"Nervousness among consumers persists."

Jacqui Baker warns that improving retail sales may not last amid inflation concerns.

Starmer's confrontation with Trump on tariffs highlights ongoing tensions between UK trade policies and US requests. The implications of such discussions could shape future trade relations, especially as the retail sector faces headwinds from inflation and public spending cuts. Despite recent gains in retail performance, the fragility of consumer confidence indicates that the economy could face challenges ahead if inflation continues to rise and economic growth slows down further. Just as Starmer prepares for a potential diplomatic breakthrough, retailers remain anxious about governmental actions to alleviate their financial pressures.

Highlights

Starmer's stance on trade might reshape UK-US relations.
Retail sales show signs of life, but concerns loom.
Inflation pressures are testing the resilience of retailers.
Consumers may pause spending amid rising prices.

Economic risks due to inflation and consumer spending pressure

The rise in consumer prices could hinder economic growth. Retailers are facing financial constraints and may require government intervention to survive market fluctuations.

The upcoming dialogues and economic policies will be critical for both retail recovery and international trade dynamics.

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trade tariffs retail inflation economy politics economy finance

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