Making life more expensive for British consumers is not the right way’

He suggested retaliatory tariffs were possible, but stressed that he does not want to see a trade war. His government has been trying to negotiate an economic deal with the US, which it is hoped could protect UK businesses from the worst impacts of Mr Trump's plans. The PM told Sky News: “The likelihood is there will be tariffs. “Nobody welcomes that. We are obviously working with the sectors most impacted at pace on that. Nobody wants to see a trade war but I have to act in the national interests.” That means that “all options remain on the table”. Sir Keir said businesses want a “calm and collected response to this, not a knee-jerk” and said he hoped the deal being negotiated with the US would mitigate tariffs. Asked if he had been “played” by Mr Trump amid efforts to build a good relationship, the PM said: “The US is our closest ally. Our defence, our security, our intelligence are bound up in a way that no two other countries are. “So it's obviously in our national interest to have a close working relationship with the US, which we've had for decades and I want to ensure we have for decades.” Tariffs may derail government plans to grow the eco...