US EditionGovernment draws up list of potential products to include in tariff retaliation
- The UK Government is considering retaliatory tariffs against the US, which may impact electric cars made by Tesla and other products with a published list of over 11,000 goods under review.
- Elon Musk stated that no vehicle is 100% US-made and warned that consumers would feel the effects of tariffs across the board.
- Business Secretary Jonathan Reynolds urged UK firms to respond to a four-week consultation regarding potential tariffs, as the government aims for a favorable trade deal with the US.
- Concerns grow in Parliament about possible compromises on safety regulations during US trade negotiations, but a government source insists children's safety is non-negotiable.
36 Articles
36 Articles
Toilet seats to Levi's jeans: UK preparing products list to retaliate against Trump's trade war, says Report
In the wake of US President Donald Trump's latest announcement of new tariffs on its trading partners, which have shocked governments and investors around the world, the UK is drawing up a list of approximately 8,000 US products that it could charge with retaliatory tariffs if London and Washington don't sign a pact by May 1, The Sun reports. The UK's Business Secretary Jonathan Reynolds published a 417-page list of US products that could be sub…
Majority of Firms Say Reeves’ Tax Rates Are Main Concern and Plan to Raise Prices
Tax minister James Murray is on the morning rounde discussing the government’s four-week consultation with businesses on retaliatory tariffs and implying it’s an essentially pointless exercise because they would be so damaging: “I think it’s clear that businesses in Britain don’t want a trade war uh they want an economic deal between the UK and the US and that’s why we’ve been negotiating intensively to secure a deal.”[…] Read the rest
The British government has compiled an extensive list of American imports on which it may impose retaliatory tariffs in response to US tariff measures on British exports.
UK draws up list of US products it could hit with tariffs
The UK government is drawing up a list of US products it could hit with retaliatory tariffs after President Donald Trump announced a wave of new import taxes.This is a toughening of the government’s stance as ministers seek to finalise a trade deal with the US.Business Secretary Jonathan Reynolds says he is consulting UK firms about the likely impact of the 10% tariffs being imposed on nearly all UK exports to the US and which products should be…
The list was designed so that retaliatory tariffs on the products on it would have a limited impact on the British economy.
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