US President Donald Trump’s plan to raise global tariffs to 15 per cent has sparked concern among UK exporters, with the BCC warning of higher trade costs.
The additional 5 per cent duty could add £2-3 billion (~$2.36-3.54 billion) in tariff expenses.
Industry leaders cited risks to trade and growth, while noting the temporary measure requires congressional approval within 150 days.
The additional 5 per cent duty could add £2-3 billion (~$2.36-3.54 billion) in tariff expenses.
Industry leaders cited risks to trade and growth, while noting the temporary measure requires congressional approval within 150 days.
