Dark Mode Light Mode

UK has best chance to overturn tariffs, says Reynolds

UK has best chance to overturn tariffs, says Reynolds UK has best chance to overturn tariffs, says Reynolds

Trade Secretary Jonathan Reynolds has said the UK is best-placed to eventually overturn trade tariffs set to be imposed by President Donald Trump.

The UK is expecting to be hit by new US tariffs on Wednesday, when Trump is planning to unveil a raft of new taxes on goods imported into the US.

Reynolds said he expected all countries to be affected by the tariffs, despite his efforts to negotiate an initial UK exemption.

But the business secretary said ongoing talks with the Trump administration meant the UK was in the “best possible position of any country” to have them reversed.

“Some of that comes down to the US and whether they want to do that,” Reynolds told BBC Breakfast.

“I do believe not only can we get to a place where we are avoiding tariffs on each other, but we’re also strengthening that relationship.”

Tariffs are taxes on goods imported to the US.

Over the weekend, Trump suggested the tariffs would hit all countries, not just those with the biggest trade imbalances with the US.

The prime minister’s official spokesman said talks on an economic deal between the two countries to avoid tariffs had been “constructive,” but he did not rule out retaliating if they were imposed on the UK.

This article was originally published at www.bbc.com

Keep Up to Date with the Most Important News

Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
Trump flip-flops on China tariff with new exemption for cheaper goods

Voters are losing faith in the Trump economy

Next Post

Quina scrapers in China reshape views on East Asian toolmaking

The American Salient
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.