The UK’s Department for Business and Trade is preparing for a potential response to the 10% tariff imposed on imports to the US from the UK, and is ‘asking UK businesses to comment on options to shape the UK’s potential response’.
A request for input outlines that the government is looking for feedback on the potential impact of any tariffs imposed on the import of US goods to the UK. The information gathered will be used to ‘help the government to assess the scope and impacts of any UK tariff measures that could be applied’.
The Department for Business and Trade has published an ‘indicative long list of US products’ as it seeks to identify products upon which tariffs would have a ‘more limited impact’ on UK businesses and consumers.
This 417-page document is fairly exhaustive. Amongst the goods listed are different types of meat, fish, dairy products, plants, fruit, vegetables, coffee, rice, grains, confectionary, alcohol, tobacco, fuel, clothes, vehicles, tools and construction materials.
However, it emphasises that ‘tariffs remain the last resort’ and the government will be keeping its options open. It is also clear that the goods that appear on the long list will not necessarily appear in a UK tariff response, should the UK choose to respond with tariffs.
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UK business and trade secretary Jonathan Reynolds said: ”The best interests of British business has shaped our approach throughout as we prepare for all scenarios, which is why we are asking them for their views on how these tariffs impact their operations and day-to-day lives.
“Our cool-headed, pragmatic approach means that talks with the US will continue to reflect our mandate to deliver economic stability, as we press the case for a trading relationship that supports businesses on both sides of the Atlantic, and reflects our Plan for Change and the best interests of the UK public.”
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