UK Proposes New Tariffs on U.S. Wines and Lobsters




Wine, chocolate and lobsters imported into Britain from the United States could face new tariffs under proposals from the British government to rebalance the list of goods it targets as part of an ongoing trade conflict around steel and aluminium.

The administration of former U.S. President Donald Trump introduced 25% and 10% tariffs on steel and aluminium imports citing national security concerns, prompting retaliatory measures from the European Union on goods such as motorcycles, whiskey and tobacco.

Britain incorporated those into its new independent tariff system when it completed its exit from the EU at the end of 2020, but is now reviewing the list of products to help protect UK-specific interests.

“Today’s announcement will help ensure these measures are tailored to the needs of the UK economy and shaped to defend industries across the UK, including steel and aluminium manufacturers,” the trade ministry said in a statement.

Customs data show Britain imported 133,512 tonnes of wine from the United States last year, worth 224 million pounds ($316.58 million). Britain currently imports more lobsters from the United States than it exports.

To read the full article, please visit here.