In response to President Trump's escalating tariffs impacting global trade, the British government has enacted measures to protect its economy. This includes a two-year suspension of tariffs on 89 products, such as construction materials and household goods, aimed at easing financial burdens on consumers and businesses alike. Additionally, £20 billion in financing will be provided to support exporters and small businesses, facilitating loans up to £2 million. The swift response is part of a broader strategy to maintain economic stability in light of international uncertainties and recent U.S. trade policies.
The British government has announced a two-year suspension of tariffs on 89 products to protect businesses and consumers from economic instability due to U.S. tariff increases.
In response to rising tariffs under President Trump, the UK will increase financing support for exporters and provide access to loans for small businesses.
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