Exports of fashion and textile products from the UK to the USA will be hit with a 25 per cent tariff as a part of the ongoing dispute between the USA and the EU over subsidies granted to both Boeing and Airbus.
The list of products that will be face 25 per cent tariff includes cashmere jumpers, swimwear, bed linen and handbags. This is in addition to the normal duties which will apply. The US has threatened to introduce the tariffs as early as October 17 2019. It has been confirmed that these tariffs will apply even if the UK leaves the European Union with or without a deal.
Simon Cotton, Chief Executive of UKFT, said that these tariffs will have a significant impact on the UK knitwear industry. He urged all parties involved to come to an agreement quickly for the sake of British manufacturers and consumers.
