The United Kingdom may return tariffs against the United States on exclusively American products such as Jack Daniel's bourbon, Levi's jeans, and Harley Davidsons.
Reports UNN with reference to FT and POLITICO.
The British order is strong, as it reacts to the potential tariffs on British goods, and the smell will be blocked by the new administration of the United States President Donald Trump.
We are talking about changes regarding the previous EU measures against the United States. the UK moved tariffs from the European Union after Brexit, which were imposed on American goods during Trump's first term in response to massive tariffs on European steel imposed by the then President.
The UK's Mitas have all changed, since Britain officially left the country for the fierce 2020 rock, and included a lot of American products, such as Jack Daniel's bourbon, Levi's jeans and Harley Davidsons.
The United Kingdom can immediately return these tariffs to the United States if Trump fulfills his threat to impose 10% -20% duties on all imports from abroad. This was reported by current and former officials to POLITICO.
Trump threatens high tariffs on several countries
The newly elected president announced that he would impose a 25% tax on all goods imported into the country from Canada and Mexico,and an additional 10% duty on goods from China , as one of his first steps as president of the United States. which is the largest importer of goods in the world, the three main suppliers of which are Mexico, China and Canada.
London Stock Exchange prices opened lower on Tuesday as a tariff warning from Donald Trump sparked tensions in the trade war.
for Reference
European exports to the United States are led by machinery and vehicles (207.6 billion euros), chemicals (137.4 billion euros) and other industrial goods (103.7 billion euros), which together account for almost 90% of the bloc's transatlantic exports.
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If Europe's growth slows due to Trump's tariffs, the European Central Bank (ECB) may be forced to react aggressively, cutting rates to near zero by 2025. Conversely, the US Federal Reserve may continue to raise rates, leading to "one of the biggest and longest-running monetary policy differences" between the ECB and the Fed since the creation of the euro in 1999, writes EuroNews.