Britain’s Commerce Secretary Jonathan Reynolds said the country faces “threats” to the open economy with the global impact of Trump’s new tariff regime, including “mutual tariffs” of a benchmark 10% of British goods exported to states.

Compared to many other countries, Britain has escaped relatively unscathed people, facing the minimum trade tariffs announced by President Trump on Wednesday, Thanks to its trade balance with US goods.

The White House has used to a large extent the U.S. trade deficits that operate with many trading partners to calculate what levels of tariffs should be imposed on a particular country or region.

Reynolds recognizes that the UK is in a better position than many countries, but the UK is vulnerable to turbulent attacks in the rest of the world, such as the EU, which will impose 20% on the export of its goods to the United States.

Jonathan Reynolds told Times Radio on Thursday: “Anything that undermines the global trading system is a threat to the UK

He said the administration will continue to work to reach a trade agreement with the Trump administration and hopes to get the tariffs removed. He did not rule out “if needed.”

Given the import and export of goods between the two countries, the UK hopes to stand out unscathedly from Trump’s tariff regime compared to other U.S. trading partners.

One of Trump’s long-standing bugs is the U.S. trade deficit with its neighbors and competitors, including Canada, China, Mexico and the European Union.

The UK has imposed a 25% tax on steel and aluminum imports announced by Trump in February, and a 25% liability for “all cars not made in the United States.” The latter taxation takes effect on Wednesday.

Before the tariffs, Britain had hoped to reach an agreement with the White House to avoid new duties, but Prime Minister Keir Starmer tried to say the tariffs could still be reduced by saying it could be.

Starmer said the UK continued to reach an economic deal with the United States but had made “rapid progress” but warned that the deal could take time.

“I don’t think anyone wants to see the tariffs,” Stamer said. Tell the Sky News on Monday. “We are working on a rapidly improving economic agreement and I hope we can make a real quick resolution,” he said.

He added: “It is likely that there will be taxes. No one welcomes this. We obviously work with the sector that has been most affected by this. No one wants to see a trade war. But I have to act in the national interest, which means all choices have to stay on the table.”

Jonathan Reynolds, UK Business Secretary Being in the “best position in any country” has turned trade duties upside down.