Grahak Chetna

"Your Voice, Your Power!"

UK prepared to retaliate against US tariffs, No 10 sources say

Spread the love

The UK would not hesitate to retaliate against US tariffs if needed, according to Downing Street sources.
The government is in last-minute negotiations with the White House ahead of a 25% tax on car imports and threats of wider tariffs on other goods on 2 April.
It is trying to get an exemption, arguing that – unlike other countries – the UK has a relatively equal trading relationship with the US. The prime minister has said he does not want to jump into a trade war.
US President Donald Trump has introduced a series of tariffs targeting goods from other countries, arguing the measures will help American manufacturers and protect jobs despite warnings prices could go up for consumers.
Charges for businesses in the US importing vehicles will start on 3 April, with taxes on parts set to start in May or later.

Courtesy: BBC

Leave a Reply

Your email address will not be published. Required fields are marked *