Uncertainty for UK after US Supreme Court tariff ruling, experts say
The decision overrules the 10% additional tariffs Trump put on the UK last year, but it does not impact tariffs on specific sectors in the UK, such as steel, aluminium, pharmaceuticals, automobiles and aerospace.It also does not affect the deals the UK government has secured in those sectors, which represent most of the UK's trade with the US.BCC's head of trade policy William Bain said that for the UK the president has "other options at his disposal" to bring back the 10% IEEPA tariffs on the UK."For the UK, the priority remains bringing tariffs down wherever possible," Bain added. "It's important the UK government continues to negotiate on issues like steel and aluminium tariffs and reduces the scope of other possible duties."Trump said the Supreme Court's decision was "deeply disappointing"."Foreign countries that have been ripping us off for years are ecstatic; they're so happy. They're dancing in the streets, but they won't be dancing for long," he said.He later said that he would introduce 10% global tariff and reintroduce the IEEPA tariffs overruled by the Supreme Court. "There are methods [...] even stronger than the IEEPA tariffs available to me as president," he said.A UK government spokesperson said: "This is a matter for the US to determine but we will continue to support UK businesses as further details are announced."The UK enjoys the lowest reciprocal tariffs globally, and under any scenario we expect our privileged trading position with the US to continue."
