
Trump hits out at Starmer over taxes and says North Sea oil is ‘treasure chest' for UK
The president said the resource is a "treasure chest for the United Kingdom" as he urged Starmer to 'incentivise the drillers'.
It comes less than a day after Trump described Sir Keir as 'strong' and 'respected' in an impromptu press conference on Monday, even saying that he wanted 'to make the prime minister happy.'
Now the president has used his Truth Social network to attack North Sea oil taxes, which he said make 'no sense'.
He posted: 'North Sea Oil is a TREASURE CHEST for the United Kingdom. The taxes are so high, however, that it makes no sense.
'They have essentially told drillers and oil companies that, 'we don't want you.' Incentivize the drillers, FAST. A VAST FORTUNE TO BE MADE for the UK, and far lower energy costs for the people!'
The move will come as a blow to the prime minister, who was seen to have had a successful meeting with the president.
In a hugely significant move Trump even removed a key obstacle to Sir Keir officially recognising a Palestinian state, as the prime minister prepares to discuss the issue at a crucial cabinet meeting later.
On Monday the Republican leader also advised Keir Starmer to cut taxes and tackle immigration to beat Farage's Reform UK party at the next election.
Asked about the Reform UK and Labour leaders, he said: 'The one who cuts taxes the most, the one who gives you the lowest energy prices, the one who keeps you out of wars, tend to win.
"Low taxes, keep us safe, keep us out of wars….And in your case a big immigration component,' he added.
He also said that he thought he had won his most recent election to the White House because of immigration.
Earlier during his visit to Scotland, he praised the city of Aberdeen as the oil capital of Europe and repeated his long opposition to wind turbines, calling them "ugly monsters".
In May Mr Trump, who has been vocal in his opposition to wind turbines for many years, used another a post on Truth Social to say: 'Our negotiated deal with the United Kingdom is working out well for all.
'I strongly recommend to them, however, that in order to get their Energy Costs down, they stop with the costly and unsightly windmills, and incentivize modernized drilling in the North Sea, where large amounts of oil lay waiting to be taken.'
Mr Trump, who owns a golf course in Aberdeenshire, added that there was a 'century of drilling left, with Aberdeen as the hub'.
President Trump has been vocal in his opposition to wind energy and has previously ranted about 'big windmills' that 'destroy everybody's property values, kill all the birds'.
He has also claimed that they are unreliable energy sources, once bizarrely saying, 'and then, all of a sudden, it stops; the wind and the televisions go off. And your wives and husbands say, 'Darling, I want to watch Donald Trump on television tonight. But the wind stopped blowing and I can't watch. There's no electricity in the house, darling'.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
4 minutes ago
- Daily Mail
Barron Trump has not been seen with his dad Donald in months
Barron Trump has not attended an official White House event or appeared alongside his father Donald Trump in months. The 19-year-old NYU student was last seen by his dad's side at his inauguration on January 20, where he seemed cool and confident as he put on a show for the cameras. But since then, Barron hasn't stepped out with the 79-year-old president - and his noticeable absence has prompted speculation over his whereabouts. Daily Mail has contacted the White House for comment. Despite not being seen out with his dad, Barron has been photographed in and around Manhattan. In April, he was pictured showing off a shaggier, more relaxed mane as he strode with purpose to university classes. The towering NYU's Stern School of Business freshman - who stands at 6ft7 - also sported a loose sweater, jeans, and Adidas sneakers. Barron reportedly commutes to college from the Trump Tower apartment, home to his father and doting 54-year-old mother Melania. To get him to class, a motorcade of black SUVs drives him 20 minutes to Tisch Hall, Stern's undergrad building. While Barron hasn't been by his father's side, Trumps older children, Donald Jr Trump, 47, Ivanka Trump, 43, and Eric Trump, 41, have showed their support. Earlier this week, the president was joined by his sons Donald Jr and Eric, daughter-in-law Lara Trump, and grandchildren Chloe and Spencer, for the opening ceremony of Trump International Golf Links near Aberdeen, Scotland. His family members joined him for the trip to Scotland - that was part vacation, part work - as he stayed at his Trump Turnberry golf course. 'This has been an unbelievable development,' Trump said before the ribbon cutting. He also heaped praise on Eric, who designed the course, who in return said it was his dad's 'passion project.' Eric has appeared by his dad's side for numerous events, including the Super Bowl in New Orleans in February. Eric's sister Ivanka was also in attendance for the UFC 316 event in New Jersey, and was accompanied by her husband Jared Kushner. In April, Ivanka's children Arabella Rose, 13, and her son Theodore, nine, hung out with Trump on the South Lawn of the White House at an event celebrating the Super Bowl champion Philadelphia Eagles NFL football team. While Barron hasn't been by his dad's side at official events, that hasn't stopped the president from talking about him. In May, Trump revealed that his youngest son will be attending at least some of the FIFA World Cup matches next year. 'These events will attract millions of passionate fans around the world, including my son. I have a son that loves soccer – Barron,' Trump said. He then joked with the room: 'Nobody's ever heard of Barron, right? Have you ever heard of Barron? He's a good soccer player, too. He's a little tall for soccer, but that's okay,' the president conceded.


The Independent
4 minutes ago
- The Independent
Trump's ‘Tariffmaggedon' is back… and with a vengeance
Looked at as a version of a real estate deal, Donald Trump has done very well with his tariffs policy. In many cases, the deals he has struck, or the regime he has imposed unilaterally, have seen foreign markets open up for US goods with more zero tariff rates and claimed reductions in non-tariff barriers. By contrast, pretty much every trading partner sees higher tariffs imposed on their exports to the United States. The Donald shook them all up on April 2nd, so-called Liberation Day and then messed around with threats and bluffs until they mostly capitulated – abolishing tariffs, agreeing to invest in the US (though no one can be sure how much more than they would have invested anyway), and buying huge amounts of US defence kit and energy for the provolone of access to the vast American market. This is all supposed to count as an American/Trump/Maga win, and, for example, a great loss for the European Union. Like when he used to buy and seek property, Trump and his allies see international trade as a zero sum game. But it is not, and that's why pushing US tariffs to their highest level since 1934 is a disaster for the world economy and for Americans. It's a lose-lose scenario. Even if there are benefits for boosting American manufacturing, you have to ask the question, too often left unposed, why Trump wants to get Americans working in factories all over again – making garments in New York, or building cars in Detroit. It's not going to be as highly paid as it was in the immediate post-war glory years, because other countries can still undercut US wage rates even with tariffs. It's sometimes argued that if US workshops still can't compete with imports (because Vietnamese labour costs are a multiple lower), then superior American automation and artificial intelligence can regain the competitive edge. That's fine – but where are the jobs going to come from if the robots are doing all the grafting? Who benefits? Answer: the people who own the robots, not the people whose jobs they've taken. It's bad if you get supplanted by some guy in China, but no different to being replaced by one of Elon's cyberworkers. American manufacturers also rely on foreign inputs – and always have. Many of these, such as copper and timber from Canada – which has seen its tariffs rise to 35 per cent, reputedly as payback for Mark Carney announcing this week he is to recognise a state of Palestine – will inevitably be more expensive than in the past, ironically making American industry pay more. Of course some can be substituted by American raw materials, components or semi-finished goods, but they too will be pricier than before (free of foreign competition), and not necessarily of the same quality or usefulness. This all adds up to a serious disruption of free markets, and a consequent misallocation of resources – trying to force the US back into a 1950s world where it was the industrial superpower, before Europe recovered from war, and when China and India basically left the world economy. If it's natural and cost-effective for Honda to make its vehicles in China, Japan and Mexico, for the benefit of its customers as well as its shareholders, then why coerce it into doing so in America? You don't have to be Adam Smith or David Ricardo to scratch your head about this. It's the strangest thing – Trump turning America into a command economy where he says what it should be producing, not market forces. Tariffs always have been and always will be about protecting the producer interest – shielding relatively inefficient firms, and the innocent workers employed by them, from foreign competition. In many societies, such protectionism for the producer interest is also linked to political interest – because workers are voters, and should be grateful enough to support the party that 'saved' their jobs. In that sense, it's a fairly corrupt sort of bargain – but, unfortunately, it can work. But what about the consumer interest? This is where Trump's policy is so badly misguided, and will have the opposite effect to what is being boasted about. Because, in the end, countries and companies don't pay for tariffs as much as consumers do. Tariffs are a purchase tax levied on goods that happen to have been imported. Sometimes, the original manufacturer or the importing company may take a bit of a hit on their profit margins and 'absorb' some of the shock – but they can't absorb the kind of hikes Trump is imposing. Chances are that, if he's slapping 25 per cent on the cost of a Bentley from the UK, then most of that will be paid by the American who ends up gliding out of the showroom in it. He or she could buy a US made Cadillac instead – but it's presumably not what he or she wants. One way or another, the consumer pays. That means inflation is higher than it would otherwise be, and, as the chair of Fed, Jerome Powell points out, that means interest rates will have to stay higher for a bit longer, to suppress the tendency to put retail prices up. As propaganda about America First and how the US is being 'cheated' by foreign powers, and a way to win votes in states lucky enough to benefit from this industrial distortion, tariffs are, as Trump might say, 'smart'. As a way to keep Americans prosperous by buying the best value available from world markets, building a truly competitive economy, and forging strong international partnerships, any obstacles to free trade such as import taxes are decidedly stupid. Impoverishing trade partners and allies in this lose-lose game makes them less able to buy US gear and help fight its wars. Many will turn to China instead. The last time the world thought tariffs were an answer to its problems, in the 1930s, we ended up in a world war. Couldn't happen again, could it?


The Independent
4 minutes ago
- The Independent
UK factory slowdown eases further despite weak conditions
The recovery in UK factory production gathered more pace last month as the sector posted its strongest performance for six months, according to new figures. Manufacturing firms saw the recent downturn in activity ease back further, but cautioned over weak market conditions in the UK and overseas. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 48.0 in July, compared with 47.7 in June. Any reading above 50 indicates that activity is growing, while any score below means it is contracting. It was marginally worse than expected, with economists having predicted a reading of 48.2. Rob Dobson, director at S&P Global Market Intelligence, said: 'The UK manufacturing sector is starting to send some tentatively encouraging signals, with the downturn moderating in July as factory output came close to stabilising and future output expectations hit the highest since February. 'However, it's clear that there's no assured path back to strong growth. 'Clients in the home market often remain unwilling to spend due to cost factors such as higher minimum wages and employer NICs, while export markets are being buffeted by geopolitical stresses and trade and tariff uncertainties.' The manufacturing sector saw activity contract for the ninth consecutive month despite the slowdown in decline. Surveyed businesses said market conditions remained 'subdued' in July as new business fell at a faster pace than during June. UK manufacturers highlighted that willingness to spend was weak domestically and overseas due to concerns over economic uncertainty and higher labour costs. New export orders declined again as firms highlighted the continued impact of US tariffs. Weak demand and rising staff costs contributed to another fall in employment during the month, marking the ninth consecutive month of falling employment. Dave Atkinson, UK head of manufacturing at Lloyds, said: 'UK manufacturers continue to face into fast-changing global trade conditions and continued cost pressures. 'Despite this, businesses remain more optimistic about the drive for sustainable growth and plans to accelerate infrastructure projects through the Industrial Strategy. 'They remain focused on building momentum and making sure they're ready to capitalise on emerging opportunities as conditions evolve.'