UK PM Admits Globalism has Failed, Scrambles for Economic Reset Amid Trump Tariffs [WATCH]

British Prime Minister Keir Starmer is preparing to make a major policy announcement declaring the failure of globalism and laying the groundwork for a broad economic reset, according to The Times of London.

The announcement would mark Starmer’s first major statement since the White House, under President Donald Trump, introduced sweeping tariffs on imports from dozens of countries based on U.S. trade deficits.

The prime minister is expected to argue that these dramatic changes in global trade demand an accelerated response from his government to drive domestic growth.

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According to The Times, Starmer will say the shift away from globalized trade demonstrates the need to “move further and faster” through supply-side reforms.

BREAKING NEWS

Keir Starmer will tomorrow declare an end to globalisation, saying it has failed, in his first major intervention since Trump’s tariffs. pic.twitter.com/tkGEOzK5YB

— Radio Europe (@RadioEuropes) April 6, 2025

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The policy rollout is expected to include measures aimed at boosting economic productivity, including regulatory easing in electric vehicle manufacturing and updates to the U.K.’s industrial strategy.

Chancellor of the Exchequer Rachel Reeves is also expected to play a key role this week.

On Wednesday, she is scheduled to hold an “economic and financial dialogue” with Indian officials as part of broader trade talks. Simultaneously, negotiations continue with Australia toward a new trade deal.

Although Starmer has publicly stated that he views Trump’s tariff strategy as the “wrong” approach, he acknowledged the popularity of the policy with voters in both the U.S. and the U.K.

“Trump has done something that we don’t agree with but there’s a reason why people are behind him on this,” a spokesperson for the prime minister’s office told The Times.

“The world has changed, globalisation is over and we are now in a new era.”

The spokesperson added, “We’ve got to demonstrate that our approach, a more active Labour government, a more reformist government, can provide the answers for people in every part of this country.”

“Like everyone else in the world, Keir Starmer is still working out what to do with Donald Trump.”

This morning on Sunday Morning with @TrevorPTweets, the UK-US relationship is under the spotlight as Donald Trump’s new global import tariffs take centre stage. pic.twitter.com/qt2Be5d0to

— Sky News (@SkyNews) April 6, 2025

Prime Minister Starmer is currently spending the weekend at Chequers, the official country residence in Buckinghamshire, where he is engaging in discussions with international leaders regarding the tariff situation.

On Saturday, he spoke by phone with French President Emmanuel Macron.

Downing Street later described the conversation as productive, noting that both leaders “agreed that a trade war was in nobody’s interests but nothing should be off the table.”

While no direct conversation between Starmer and President Trump is currently scheduled, negotiations between the two countries remain ongoing.

The U.K. has been seeking a trade agreement with the United States since its withdrawal from the European Union in 2020.

“Globalisation as we’ve known it for the last number of decades has ended”

Chief Secretary to the Treasury Darren Jones says the UK must be “strong and resilient” and that the government plans to invest in “the domestic economy” like the NHS#BBCLauraK https://t.co/49MSD0PIQI pic.twitter.com/gDzaWnyxng

— BBC Politics (@BBCPolitics) April 6, 2025

However, progress stalled under the previous Conservative-led government.

Starmer visited the White House in February and met with President Trump, where both sides expressed optimism about reaching an agreement.

“Great” progress was possible, according to Trump, and he suggested a deal that could spare Britain from the full force of the U.S. tariffs was “on the table.”

Business Secretary Jonathan Reynolds recently traveled to Washington to continue the negotiations.

Starmer and Trump also spoke again by phone last week.

British officials are now referring to the potential outcome as an “economic prosperity deal,” rather than the full “free trade” agreement that had been sought in earlier rounds of talks.

Downing Street has acknowledged that while a comprehensive free trade deal is unlikely, limited arrangements could still be reached to soften the blow of tariffs.

“Some type of arrangement that might let the UK escape some tariffs is possible but it would not be a full-scale trade deal,” Jonathan Portes,

professor of economics at King’s College London, told the Associated Press.

“Brexit is a double edged sword — it gives us more flexibility and we can negotiate with a view to our own interests.”

According to a report from The Washington Post, the U.K. has already offered tariff cuts on American beef and fish imports as part of its negotiation strategy.

Starmer’s government has also suggested it may lower taxes on U.S.-based tech giants operating in Britain, a move that aligns with a long-standing goal of the Trump administration.

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