- USA
  location (geo:U.S., geo:the United States, geo:USA, geo:United States, org:the United States, geo:US, org:U.S., org:US)

UK Believes Trump’s 10% Tariff Can Be Reduced in US Trade Deal

Bloomberg News

Summary

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U.K. Holds Off on Retaliating to Trump Tariffs for Now
The Wall Street Journal
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Team Trump appears to have calculated the effective tariff rate from each country - factoring in both tariffs and non-tariff barriers (such as health and safety, or licensing requirements) - then applied tariffs back the other way at a rate of about 50 per cent.
Daily Express
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The tariffs will be paid by the importing company but could be passed on to consumers (this becomes more likely where there is not a big profit margin).
Guardian
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Britain is also being stung by a 25 per cent tariff on car and steel imports to the US, with the FTSE 100 dropping sharply this morning as part of worldwide markets chaos.
Daily Mail

■ Story #4 ▪

issue 88:88 ▪

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updated 88:88

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