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UK economy faces potential trade war with US over new reciprocal tariff plans

Summary by Anadolu Ajansı
UK government should avoid 'tit-for-tat' trade war and instead focus on diplomatic negotiations, says British Chambers of Commerce - Anadolu Ajansı

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UK economy faces potential trade war with US over new reciprocal tariff plans

UK government should avoid 'tit-for-tat' trade war and instead focus on diplomatic negotiations, says British Chambers of Commerce - Anadolu Ajansı

·Ankara, Türkiye
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ldd.newsldd.news

Trump’s VAT Tariff Plan Raises UK Trade Fears – London Daily Digital

President Donald Trump’s plan to impose reciprocal tariffs factoring in VAT has sparked concerns over its potential impact on UK exports, including cars, pharmaceuticals, and food products. British businesses now face uncertainty as the US aims to protect domestic markets. President Donald Trump’s latest trade move has raised alarm among UK businesses, as his administration plans to target value-added tax (VAT) in calculating new tariffs, accord…

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Anadolu Ajansı broke the news in Ankara, Türkiye on Friday, February 14, 2025.
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