Trump tariff VAT threat raises fears of hit to UK
Concerns are growing the UK could be hit with higher US trade taxes after President Donald Trump announced he would target VAT in his latest move. Trump has instructed his staff to develop custom "reciprocal tariffs" - charging the same amount as levies imposed on American exports - for each country.
Donald Trump threatens to clobber UK economy with bigger tariffs than China
Donald Trump could hammer British businesses with bigger US trade tariffs than China after the US president announced plans to punish countries charging VAT on American goods. UK industry leaders called on the Government to start urgent talks with Washington after being warned they "could be significantly hit" by the move.
UK at risk of £24bn tariffs as Trump targets VAT
Donald Trump has vowed to impose tariffs on countries that charge VAT, leaving Britain at risk of a £24bn blow to its economy...
Trump’s tariff threat: UK businesses could face higher trade taxes
Donald Trump’s latest tariff proposal could see UK exports hit with higher trade taxes, as VAT is included in tariff calculations. Analysts warn of potential 20% levies on British goods, impacting key sectors like cars,
UK will ‘wait and see’ on Trump’s reciprocal tariffs announcement
A senior Government minister said it was important not to ‘overreact’ and there were still many ‘unanswered questions’ about the announcement
Under threat of Trump tariffs, UK posts rare goods trade deficit with US
Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published on Thursday that London will hope bolsters its case against the imposition of new tariffs by President Donald Trump.
Stand up to Trump tariffs threat, urges Ed Davey
Liberal Democrat leader Sir Ed Davey has urged the UK to hit back against the US if Donald Trump slaps tariffs on British steel and aluminium exports. The UK has so far declined to join the EU and Canada in threatening immediate retaliation if a planned 25% import tax comes into force next month.
UK will respond accordingly to Trump’s £24bn VAT tariff threat, minister insists
President Trump president plans to charge the same amount as levies imposed on American exports in a move he says is ‘fair to all’
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UK economy faces potential trade war with US over new reciprocal tariff plans
UK government should avoid 'tit-for-tat' trade war and instead focus on diplomatic negotiations, says British Chambers of ...
UK politics live: Minister warns UK will respond to Trump tariffs as president rages over VAT
Minister warns UK will respond to Trump tariffs as president rages over VAT - Trump ‘is not willing to tolerate’ VAT, US ...
The impact of Trump’s tariffs on the UK and the world
Tariffs are collected by the customs authority of the country that imposes the levy. In the US, they’re paid to the Customs ...
UK signals it will seek US steel tariff exemption
Business secretary Jonathan Reynolds says the government has a strong case to avoid tariffs on UK-made steel entering the US.
UK waiting to see if Trump follows through with tariffs plan
Donald Trump's latest plan for tariffs includes taking into account the sales tax levied on US goods around the world.
UK Hopeful on U.S. Steel Tariffs Exemption, Business Minister Says
Speaking to an audience at an event in London, Reynolds said that the steel and aluminium exported by Britain to the U.S.
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UK economy picks up ahead of US tariff risks
Britain's economy surprisingly picked up at the end of last year, official data showed Thursday, relieving some pressure on ...
UK steel should be designated as 'nationally critical infrastructure' amid Trump tariffs, Unite urges
All major infrastructure projects must use British steel, Unite the union said as it called for the material to be classified ...