UK explores retaliatory action against US tariffs

The UK government is launching a consultation with businesses on how taking retaliatory tariff measures against the US would impact them.
It comes after US President Donald Trump announced new tariffs of 10% on all UK imports.
The government has previously said it would not be rushed into a knee-jerk response to Trump’s imposition of tariffs on its trading partners around the world while insisting all options were on the table.
But in a toughening of this stance, Business Secretary Jonathan Reynolds told MPs he would “seek the views of UK stakeholders over four weeks until 1 May 2025 on products that could be potentially included in any UK tariff response”.
He said talks were ongoing with the US government to secure an economic deal aimed at avoiding or reducing tariffs but warned that the UK “reserves the right to take any action we deem necessary if a deal is not secured”.

Courtesy: BBC