UK drawing up list of US products it could hit in retaliation to Trump’s tariffs
The UK government is launching a consultation with businesses on how taking retaliatory tariff measures against the US would impact them, the business and trade secretary tells the Commons.
Jonathan Reynolds says the government believes a deal with the US is “possible” and “favourable” but adds that the UK reserves the right to take any action it deems necessary if an agreement is not secured.
“To enable the UK to have every option open to us in future, I am today launching a request for input on the implications for British businesses of possible retaliatory action,” he says.
He says this is a formal step necessary to keep all options on the table and the government will seek the views of stakeholders until 1 May on products that could potentially be included in any tariff response.
Reynolds adds that the government will draw up an “indicative list” of US products which the UK could tariff in response to Trump’s 10% tariff on the UK announced last night.
