Watch live: Business secretary gives Commons statement on Trump's tariffs Jonathan Reynolds is up in parliament shortly to give the government's take on the tariffs announced by Donald Trump last night. He's announced sweeping tariffs on imports into the US for countries a...
As reported in Midweek Tax News last week, on 14 April the US announced two national security investigations that could lead to new tariffs on imports of pharmaceuticals and semiconductors – a global tax alert is now available with further details. On 15 April 2025, an Executive Order called ...
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.
Donald Trump has levied 25% tariffs on all steel and aluminium imports into the US. The European Union has vowed to retaliate, announcing counter-tariffs of £2bn. British steel companies are urging the UK government to respond in kind. ...
"We need to focus on the global trade that is not affected by the tariffs that will be put up around a certain economy, doing it and others serious damage," said Cowper-Coles, referring to the 25 percent tariffs on ...
Will Trump’s tariffs make Europe great again? However, he said the UK had “a long list of tariffs on the shelf” from a previous trade dispute with the US — over aluminium and steel — that it could dust down if ministers decided to retaliate. ...
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...
Speaking toBBC News, the US president claimed that new tariffs “will definitely happen with the European Union” while tariffs on UK imports “might happen”. On the reason for introducing these new measures on the EU, Trump said: “They’ve really taken advantage of us. We have over a ...
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 i...
According to an internal assessment, the Indian government estimated these new reciprocal tariffs would affect 87% of Indian exports to the U.S. valued at $66 billion, per the aforementioned sources. These sources said India is open to lower tariffs on 55% of U.S. imports that currently are...