CBI responds to the latest U.S tariff decisions on British goods

Thursday 13 Aug 2020 @ 16:33
WiredGov Newswire (news from other organisations)

CBI has responded to the latest U.S tariff decisions on British goods.

Jonathan Brenton, CBI Head of Trade, said:

“Firms across the country will be relieved with the decision to not increase tariffs. Businesses are just now rebuilding their operations a tariff increase is a setback many cannot afford.

“But this decision doesn’t mean businesses are over the hump. The existing tariffs continue to have damaging effects across industries unrelated to the aircraft industry. For instance, smaller producers of Scotch Whisky and textiles in Northern Ireland continue to shoulder the weight of these tariffs.

“We urge the U.S. government to reconsider these actions and reconvene with the European Commission to resolve existing trade barriers as soon as possible. A resolution that protects people’s livelihoods, communities and minimises further disruption so firms can focus on their recovery is possible.”

Original article link: https://www.cbi.org.uk/media-centre/articles/cbi-responds-to-the-latest-us-tariff-decisions-on-british-goods/

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