Introduction
On April 3, Britain announced a comprehensive list of U.S. goods that may be subject to retaliatory tariffs in response to President Donald Trump's import levies, while simultaneously continuing negotiations with Washington.Context
The government's "indicative long list" comprises approximately 400 pages and features a wide array of products, including binoculars, bourbon whiskey, automotive parts, and cheese. Additionally, it incorporates petrol, diesel, and electric passenger vehicles, as well as various food items such as meat and fish. Importantly, officials indicated that not all goods listed would automatically incur future tariffs.Developments
Britain has adopted a "cool-headed" strategy regarding Trump's 10% tariffs, which are among the lowest imposed on numerous countries. Unlike the European Union and other nations, Britain has refrained from immediately retaliating with its own measures. The government’s list includes 8,000 product categories, accounting for around 27% of British imports of U.S.-origin goods. This list is currently undergoing a four-week consultation period with businesses.Business Secretary Jonathan Reynolds emphasized his commitment to securing a deal with the U.S. Yet, he acknowledged that the consultation process is a necessary formal step to maintain multiple options. He stated that discussions with the U.S. aim to ensure economic stability and promote a trading relationship benefiting businesses on both sides of the Atlantic. The consultation will conclude on May 1, with the possibility of halting or reversing measures should a deal be reached.