US EditionTrump hits Britain with higher tariffs
UK officials hold high-level talks to maintain preferential trade terms after US raises tariffs from 10% to 15%, risking a 5% extra cost on many UK exports, British Chambers of Commerce said.
- High-Level talks are now under way between the UK and US after US President Donald Trump said on Saturday he would impose a 15% global tariff, effective immediately.
- The Supreme Court's Friday ruling overturned the prior import-taxes policy that had enabled reciprocal tariffs, after Mr Trump had earlier used an executive order to impose a 10% tax.
- The British Chambers of Commerce , a network representing 50,000 UK firms, expressed dismay and warned the change would add 5% tariffs on many exports to America.
- The government is pursuing carve-outs for UK exporters, as UK government ministers and officials believe most trade with America will remain unaffected.
- On Sunday, ministers debated tactics, with Ms Phillipson saying a mix of `steel fist` and `velvet glove` is needed, while Reform UK opposed blanket tariffs and suggested Nigel Farage could negotiate better with the White House.
5 Articles
5 Articles
Government seeking ‘best deal possible’ for UK firms over US tariffs – minister
Education Secretary Bridget Phillipson acknowledged businesses face ‘uncertainty’ after the move. High-level talks are ongoing after Donald Trump’s announcement of 15% global tariffs and the Government wants “the best deal possible” for UK firms, a Cabinet minister has said. Education Secretary Bridget Phillipson admitted businesses face “uncertainty” after the move but insisted Britain expects its “preferential” trade arrangements with the US t…
UK Government seeking ‘best deal possible’ for firms over US tariffs – minister
High-level talks are ongoing after Donald Trump’s announcement of 15% global tariffs and the UK Government wants “the best possible deal” for UK firms, a Cabinet minister has said. Education Secretary Bridget Phillipson admitted businesses face “uncertainty” after the move but insisted Britain expects its “preferential” trade arrangements with the US to continue. The US […]
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