EU & India Clinch Major Deal, Minnesota Backlash, More
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The British Prime Minister Keir Starmer has told Bloomberg that the UK doesn't have to choose between the United States and China. The Labour leader will head to Beijing later today as he seeks to court closer relations with the world's second largest economy, while not drawing the ire of the US President. In an exclusive conversation with our UK political editor Alex Wickham, Starmer discussed what he sees as significant opportunities for British businesses in China. With more, here's Bloomberg's Chris Pitt.
Starmer's trip to China is the first by a British prime minister in eight years. And it comes just days after his Canadian counterpart, Mark Carney, was threatened with 100% tariffs by President Trump following his own trip to Beijing. But Starmer insists he can meet China's President Xi Jinping without angering the White House. Speaking to Bloomberg, he said, quote, I'm often invited to simply choose between countries. I don't do that. Reflecting on a week of turbulent diplomacy with the US, Starmer indicated that the UK will now have to forge closer military links with the EU, as he pointed to what he described as a mature relationship with the US President, adding that the UK navigated last week's challenges with pragmatism and common sense.
In London, Chris Pitt, Bloomberg Radio.
Well, also in that interview, the Prime Minister hit back at talk of a challenge to his leadership, saying he has a personal mandate for change. Bloomberg's Ewan Potts has more.
Keir Starmer says he was elected in 2024 with a landslide majority to deliver change for the country. Speaking in our Downing Street interview, the Prime Minister made clear he has a personal five-year mandate. Despite some recent polls putting Labour behind the Conservatives as well as Reform UK, Starmer told us he'll be judged at the end of that period on the issues that matter to working people. The Prime Minister's comments to Bloomberg come as the BBC reports around 50 Labour MPs have signed a letter objecting to the decision blocking Manchester Mayor Andy Burnham for standing for Parliament. In London, I'm Ewan Potts, Bloomberg Radio.
Well, the European Union and India have agreed a trade deal after nearly two decades of negotiations. European Commission President Ursula von der Leyen said in a post on X, we have concluded the mother of all deals, creating a free trade zone of 2 billion people. Indian Prime Minister Narendra Modi described the agreement as significant, with tariffs on most consumer and industrial goods to be lowered. The announcement comes just days after the EU signed a separate trade deal with the Mercosur bloc of South American countries as it seeks to pivot away from the US and China. The pact is expected to be formally signed after legal vetting and ratification by the European Parliament.
US President has threatened to raise tariffs on South Korean goods to 25%. In a social media post, Donald Trump said the country's lawmakers had not lived up to the deal they agreed to, with the new rate applying to autos, lumber, pharmaceutical and other products. With more, here's Bloomberg's White House correspondent, Joshua Ingrove.
How is the UK navigating its relationship with China?
He's essentially ripping up, or at least for now, the deal and saying that's because the Koreans are slow walking it. I should note that there were a lot of question marks, including from what the American position was about this deal. And so this is another case for countries that are looking at this, including the EU and the UK that had their deals and then saw the Greenland tariff threat come in.
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