Former US ambassador to the UK, Philip Reeker, is asked if Donald Trump is serious about imposing 20% tariffs on all imports.Why you can trust Sky News Watch Next 'Wet and windy as they promised' 2024 economy: Key moments in charts Gender gap remains for girls in sport Royal...
LONDON - British Trade Secretary Jonathan Reynolds has said that the United Kingdom (UK) has no plans to follow the European Union's (EU) decision to impose tariffs on Chinese electric vehicle (EV) imports. Reynolds said that there had not been any complaint...
The British government is planning a backup plan in case of a no-deal Brexit by reducing to zero all tariffs on 87% of imports.In the aftermath of the rejection of the Brexit agreement by the House of Commons, the government has detailed the new customs regime that would be set up tempo...
He noted that the system could arguably be cost-neutral for businesses once running – but could cost them up to £3.4bn a year. The proposal would see the UK collecting tariffs on imports at the EU rate then reimbursing firms if the goods are sold only in the UK and at...
Trade Secretary Liz Truss is considering introducing a 25% tariff on US wine imports as part of an ongoing trade conflict caused by Donald Trump imposing a 25% tariff on US steel imports in 2018. The UK Government believes tariffs on wine will put pressure on key Democratic politicians, such...
The UK government could be on collision course with some of its own members of Parliament after suggesting it may reduce tariffs on agricultural imports from the United States to secure a wider post-Brexit trade deal. The Financial Times reports that International Trade Secretary Liz Truss, who ...
Mr Trump has vowed to introduce a range of tariffs during his second term in the White House, including a 10-20% levy on all goods imports, with higher tariffs on goods from China, Mexico, Canada and nations that retaliate with protective measures of their own. The Resoluti...
Export tariffs on agricultural goods would most likely lead to a surplus of domestic products on the UK market, she said, while at the same time lower or no tariffs on imports would put further downward pressure on domestic producer prices. ...
The UK government is planning to eliminate import tariffs on palm oil from Malaysia, a product blamed for widespread deforestation, as the price of joining an Asia-Pacific trade deal, according to people involved in the talks, prompting outrage from green campaigners. ...
All sectors experience price and production declines under the trade liberalisation scenario in which the UK unilaterally sets tariffs on imports from both the EU-27 and the rest of the world to zero; the impacts are particularly severe in the beef and sheep sectors where international competition...