Focus on the BIG picture.
Monday, Apr 07, 2025
Outside the box.
UK Readies to Respond to US Tariffs with Industrial Strategies and Trade Actions
The government pledges to shield British businesses from the effects of tariffs by considering state intervention and pursuing trade agreements.
The UK government has unveiled plans to adopt industrial policy aimed at protecting British businesses from the impact of new US tariffs.
This initiative comes in the wake of a series of tariffs set by the US, which includes a 10% import duty rate for the UK, alongside a 25% tariff on car exports as well as steel and aluminium products.
In an effort to strengthen partnerships and lower trade barriers, the prime minister has engaged in discussions with world leaders, including French President Emmanuel Macron, regarding the UK's strategies in response to the US tariffs.
A comprehensive 400-page list detailing US goods that may face retaliatory tariffs has been released, encompassing 27% of imports from the US. Last year, the UK exported nearly £60 billion worth of goods to the US, with machinery, automobiles, and pharmaceuticals constituting key exports.
In light of the tariffs, Jaguar Land Rover has halted shipments to the US, while the government deliberates on additional measures, which may include tax increases and trade agreements with other nations.
This initiative comes in the wake of a series of tariffs set by the US, which includes a 10% import duty rate for the UK, alongside a 25% tariff on car exports as well as steel and aluminium products.
In an effort to strengthen partnerships and lower trade barriers, the prime minister has engaged in discussions with world leaders, including French President Emmanuel Macron, regarding the UK's strategies in response to the US tariffs.
A comprehensive 400-page list detailing US goods that may face retaliatory tariffs has been released, encompassing 27% of imports from the US. Last year, the UK exported nearly £60 billion worth of goods to the US, with machinery, automobiles, and pharmaceuticals constituting key exports.
In light of the tariffs, Jaguar Land Rover has halted shipments to the US, while the government deliberates on additional measures, which may include tax increases and trade agreements with other nations.
