Trump’s latest tariffs put UK at disadvantage to the EU, say experts

AI Summary

Donald Trump's latest tariffs have placed UK businesses at a disadvantage compared to the EU, despite the overall tariff for the UK remaining unchanged. Specific sectors not covered by the Turnberry deal now face tougher competition under these tariff adjustments.

While overall levy for UK is unchanged, sectors not covered by Turnberry deal face tougher competition Donald Trump’s latest round of tariffs has put UK businesses at a disadvantage against the EU even though the overall tariff for London has not changed, experts have said. In the levies, announced late on Thursday and said to be aimed against countries that engage in forced labour, the EU’s previous 15% near blanket tariff is reduced to 10%, the same level as the tariff deal struck by Keir Starmer and Peter Mandelson last year. Continue reading...