Trump’s latest tariffs put UK at disadvantage to the EU, say experts
Summary
President Donald Trump has introduced new US tariffs aimed at countries using forced labour. While the overall tariff rate for UK goods stays the same, the EU’s tariff has been lowered to 10%, giving EU businesses an advantage over UK companies in some sectors. A separate deal is expected to eliminate US tariffs on Scottish whisky, benefiting the UK in that area.Key Facts
- President Trump announced new US tariffs targeting forced labour on Thursday.
- The EU’s tariff rate was cut from 15% to 10%, while the UK tariff rate remains at 10%.
- The EU gains extra tariff exemptions on goods like cork, diamonds, aircraft parts, and medicines.
- The tariff changes disadvantage UK goods such as clothing, bikes, chemicals, and beverages compared to the EU.
- Scottish whisky is expected to face zero US tariffs, helping UK producers over Irish and French rivals.
- The UK government says there is no negative change for UK businesses and welcomes improvements in whisky and medical tech tariffs.
- UK business groups call for ongoing negotiations to lower tariffs and express concerns about lost advantages.
- The EU disagrees with the forced labour investigation that led to the tariff changes.
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