UK listing US products it could hit with tariffs
UK listing 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. This being imposed on nearly all UK exports to the US and which products should be on the list.
If UK negotiators can not agree a deal to reduce the 10% tariff by 1 May, the business secretary told MPs the government could impose retaliatory tariffs on US imports.
The government. published a sample list of goods, external that could face future UK tariffs.
Being on the 417-page list does not necessarily mean a product will face tariffs, the government said.
The list covers 27% of imports from the US. They’re chosen because of a “more limited impact” on the UK economy, the Department for Business and Trade said.
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