The UK got the joint lowest tariff rate of any country.

Donald Trump has announced 10 per cent tariffs on UK imports.

The US President announced a whole wave of tariffs on what he dubbed “liberation day” at the White House.

The UK got the joint lowest tariff rate of any country – with the EU receiving 20 per cent tariffs.

Going through a chart which marks the tariffs being imposed on different countries, the president said: “United Kingdom – 10% – and we’ll go 10% so we’ll do the same thing.”

China received 34 per cent tariffs, Japan got 24 per cent and India got 26 per cent.

Talking about the tariffs he is about to put on other nations, Trump said: “We will charge them approximately half of what they are and have been charging us. So the tariffs will be not a full reciprocal.

“I could have done that, yes. But it would have been tough for a lot of countries.”

The UK has been trying to get a trade deal with the US to lighten the impact of the measures.

But Chancellor Rachel Reeves said the UK would not be “out of the woods” even if a deal could be reached with the White House.

This was because of the global economic storm the president’s measures will unleash.

Reeves told the Commons Treasury Committee earlier on Wednesday: “We don’t want to be posturing here, the prize on offer is a good economic agreement between us and the United States.

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“We are not going to do anything to put that in jeopardy, we are not going to rush into action to get a quick headline.”

She said the main impact on the British economy would be from “global tariffs” rather than UK-specific ones, thanks to depressed demand and higher inflation in other countries.

She said: “I think that’s really important to understand, because even if we are able to secure an economic deal with the United States – which we very much want to secure and are working hard to secure that – even if that’s possible, (it) doesn’t mean somehow that we are out of the woods and not impacted by tariffs.

“So we don’t just want to see an agreement between the UK and the US, we want to see free trade, fair trade continue.”

At Prime Minister’s Questions, Keir Starmer told MPs: “Let me be clear with the House, a trade war is in nobody’s interests and the country deserves – and we will take – a calm, pragmatic approach.

“That’s why constructive talks are progressing to agree a wider economic prosperity deal with the US.

“That’s why we’re working with all industries and sectors likely to be impacted.

“Our decisions will always be guided by our national interest, and that’s why we have prepared for all eventualities, and we will rule nothing out.”

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