- Donald Trump has imposed new 10 per cent tariffs on goods from 60 countries, including the UK, replacing a previous global levy.
- The tariffs are justified by claims that these countries have not adequately enforced bans on goods produced with forced labour.
- Crucially, the US has granted exemptions for Scotch whisky and medical products, a move welcomed by producers who previously faced significant losses.
- While the 10 per cent tariff rate for the UK remains unchanged, these new measures could establish a more durable framework for US trade policy.
- The UK government stated that there is no change to the tariff rate facing UK businesses and that the US has recognised the UK's efforts against forced labour.
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