UK has greatest likelihood to overturn tariffs, says Reynolds | EUROtoday

Trade Secretary Jonathan Reynolds has mentioned the UK is best-placed to finally overturn commerce tariffs set to be imposed by President Donald Trump.

The UK is anticipating to be hit by new US tariffs on Wednesday, when Trump is planning to unveil a raft of recent taxes on items imported into the US.

Reynolds mentioned he anticipated all international locations to be affected by the tariffs, regardless of his efforts to barter an preliminary UK exemption.

But the enterprise secretary mentioned ongoing talks with the Trump administration meant the UK was within the “best possible position of any country” to have them reversed.

“Some of that comes down to the US and whether they want to do that,” Reynolds advised BBC Breakfast.

“I do believe not only can we get to a place where we are avoiding tariffs on each other, but we’re also strengthening that relationship.”

Tariffs are taxes on items imported to the US.

Over the weekend, Trump urged the tariffs would hit all international locations, not simply these with the largest commerce imbalances with the US.

The prime minister’s official spokesman mentioned talks on an financial deal between the 2 international locations to keep away from tariffs had been “constructive,” however he didn’t rule out retaliating in the event that they have been imposed on the UK.