UK risks £3bn blow as US promises 15pc tariffs within days

Contributing sentiments towards policy:

59% : This is part of the EU's initiative designed to protect the Continent's dwindling manufacturing base.
54% : Under Brussels' new rules, UK factories will be treated the same as EU peers when competing for European government contracts or subsidies.
51% : Bloomberg reported that Brussels believed that the EU would still benefit from a lower 10pc rate.
49% : In the wake of Mr Trump's latest tariff salvos, the UK Government has been seeking to forge closer ties with the EU.
47% : Previously, the EU had been poised to accept France's demand that the bloc's new Industrial Accelerator Act should exclude foreign companies.
47% : But when the European Commission unveiled its finalised proposal on Wednesday, it kept the door open to suppliers from any country that has a free-trade deal with the EU, including the UK.
45% : On Wednesday, it emerged that British businesses would not be cut off from the EU's supply chain after Brussels included the UK in its "Made in Europe" scheme.
37% : Mr Bessent said plans to replace sweeping tariffs imposed by Donald Trump with a blanket 15pc levy would happen "likely some time this week", in a move that would leave British businesses facing extra taxes of up to £3bn.

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