"does little to clear the murky waters for business"
"other options at his disposal"
"For the UK, thepriorityremainsbringingtariffs down wherever possible," Bain added. "It's important the UK government continues to negotiateonissues likesteel and aluminium tariffsandreducesthe scope of other possible duties."
"Foreign countries that have been ripping us off for years are ecstatic; they're so happy. They're dancing"
Supreme Court struck down many tariffs introduced under the International Emergency Economic Powers Act, including last April's 'Liberation Day' measures. President Trump announced a new 10% global tariff and said he would seek to reintroduce struck-down tariffs through alternative legal mechanisms. The ruling removed the 10% additional tariffs previously applied to the UK but left sector-specific duties on steel, aluminium, pharmaceuticals, automobiles and aerospace unaffected. Existing sectoral trade deals secured by the UK remain in force. A White House official said countries that had negotiated specific rates will now face the 10% global tariff while being expected to honour prior concessions. The British Chamber of Commerce warned the decision maintains business uncertainty and urged continued negotiation to reduce tariffs.
Read at www.bbc.com
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