Monday, April 5, 2021

Biden threatens tariffs on UK goods

The US has warned it could put tariffs of up to 25% on a host of UK exports in retaliation for a UK tax on tech firms.

Ceramics, make-up, overcoats, games consoles and furniture could all be hit, according to a list published by the Biden administration.

The duties are designed to raise $325m (£235.8m), the amount the US believes the UK will raise from US tech firms.

A UK government spokesperson said it wanted to “make sure tech firms pay their fair share of tax”.

They added: “Should the US proceed to implement these measures, we would consider all options to defend UK interests and industry.” BBC

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