- The US president is set to impose new 10 per cent import tariffs on goods from Britain and duties, ranging from 10 to 12.5 per cent, on 59 other nations.
- These tariffs are being introduced as existing temporary levies, which Britain was already subject to, expire.
- The US administration justifies the tariffs by claiming these countries have not adequately enforced bans on products made with forced labour.
- Exemptions may apply for certain products or if they encourage compliance with forced labour import prohibitions.
- The UK government said that there is no change to the tariff rate for British businesses due to this announcement, citing existing agreements and US recognition of the UK's efforts against forced labour.
IN FULL
