In This Article:
As Donald Trump returns to the White House, one question is whether the UK will be subject to proposed trade tariffs.
Investors are bracing for a flurry of policy activity in Trump's first few days in office this week. Both Trump and his and top aide Stephen Miller have said that the total could be close to 100 executive actions in the early days of his second presidency.
The orders are expected to focus on topics ranging from immigration policies to energy, as well as trade tariffs.
Trump has proposed putting tariffs on all imports into the US, warning that certain countries, such as China, could be in line for stronger measures.
Read more: Trump inauguration fuels bitcoin and memecoin rally
When asked by Sky News on Sunday what the government would do if that were to happen to the UK, Treasury chief secretary Darren Jones said: "If that were to happen, I will come back and lay out the details for you. But the point is, is that I don't think we're going to be in that scenario."
"I have no doubt whatsoever that under the Trump administration there are going to be plenty of opportunities that we can seize, and we should be positive about that and be strong about securing this deal," he said.
While Jones confirmed that there was a plan should tariffs be imposed, he said it was not for him to "to lay out the details in advance of something actually happening on TV".
He added that the "government prepares for all scenarios".
Do you think Trump is likely to levy trade tariffs on the UK? Vote in our poll below.
Yahoo UK's poll of the week lets you vote and indicate your strength of feeling on one of the week's hot topics. After the poll closes, we'll publish and analyse the results each Friday, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo UK readers.
Download the Yahoo Finance app, available for Apple and Android.