The Biden administration has threatened to impose 25 percent tariffs on British exports to the United States in retaliation for a UK digital services tax (DST) on major technology companies that came into effect on April 1. Its aim is to raise around £236 million ($325 million) per year, which is the estimated equivalent of the damage imposed by UKs DST. Clothing and footwear, ceramics, beauty products, gold and jewelry, furniture, robotics, and refrigerators are all being affected. This comes weeks after the United States agreed to suspend millions of dollars worth of tariffs on UK exports including Scotch whisky as part of an effort to resolve a long-running trans-Atlantic trade dispute over aerospace subsidies between Boeing and Airbus. “It is hugely disappointing that, yet again, our manufacturers are threatened with additional tariffs, particularly as the trade dispute has nothing to do with our industry, said Adam Mansell, CEO of …
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