UK manufacturers braced for financial hit as US tariffs bite - My News TV

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Thursday, October 17, 2019

UK manufacturers braced for financial hit as US tariffs bite

Makers of products ranging from Scotch whisky to biscuits and Savile Row suits to suffer

British manufacturers of products ranging from Scotch whisky to biscuits and Savile Row suits are braced for a significant financial hit after US tariffs came into effect in retaliation for subsidies given to aerospace manufacturer Airbus.

Tariffs of 25% came into effect at midnight on the US east coast (5am BST), damaging small businesses with few links to a 15-year aerospace industry battle between Airbus, the European champion, and American rival Boeing.

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from World news | The Guardian https://ift.tt/2IZXHKI

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