"High-level diplomatic talks are underway after Donald Trump announced a global tariff increase to 15%, raising fresh uncertainty for British exporters. The UK Government says it is aiming to secure the "strongest possible trading position" for British firms amid what ministers describe as an evolving situation. Education Secretary Bridget Phillipson said businesses may face short-term uncertainty but insisted Britain expects preferential trade treatment to continue."
"The US president confirmed he would impose a 15% worldwide tariff "effective immediately" after the Supreme Court of the United States struck down his earlier import duty policy. The move follows his signing of an executive order allowing global tariffs under emergency economic powers legislation. Trump criticised the court ruling as "anti-American" and said the higher rate was necessary. The British Chambers of Commerce expressed concern that the policy could raise costs across a wide range of UK exports to the United States."
"Trade policy head William Bain said firms on both sides of the Atlantic need stability. "A period of clarity and certainty is essential. Higher tariffs are not the answer," he said. British officials are holding intensive discussions with the White House. Phillipson said there are: She stressed that Britain's relationship with the US is built on decades of security and economic partnership, not individual leaders."
President Donald Trump announced a 15% worldwide tariff effective immediately following a Supreme Court ruling that struck down his earlier import duty policy. The executive order under emergency economic powers enables global tariffs; Trump called the court ruling "anti-American" and said the higher rate was necessary. UK ministers have opened high-level diplomatic talks and intensive discussions with the White House to protect British exporters and secure the strongest possible trading position. Officials expect some existing preferential protections to remain, including reduced exposure for steel, car carve-outs and a baseline 10% preferential rate, but uncertainty and potential cost increases persist.
Read at London Business News | Londonlovesbusiness.com
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