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 all UK exports to the US.
If UK negotiators can not agree a deal to reduce the 10% tariff by 1 May, the business secretary told MPs the government will impose retaliatory tariffs on US imports.
The government has published a sample list of goods that could face future UK tariffs.
Courtesy: BBC