fbpx

Voice of the Commonwealth - The Global Influencer

Voice of the Commonwealth - The Global Influencer

Biden administration threatens retaliation…

LONDON (CU)_The United States has warned that it could impose tariffs on a range of British exports in response to the recent digital services tax introduced by the UK.

According to a list published by The Office of The United States Trade Representative, goods including ceramics, furniture, make-up, overcoats and games consoles imported from the UK could be subjected to tariffs of up to 25 per cent.

Washington says that the duties are expected to raise $325m (£235.8m), which is the US believes the European nation would raise from the “unreasonable, discriminatory, and burdensome” tax policy. 

However, London claims that the move was intended to “make sure tech firms pay their fair share of tax”, and have therefore claimed that if Washington does implement these retaliatory measures, the United Kingdom would “consider all options” to defend the country’s interests and industries.

Nevertheless, over the next few weeks, the tariffs will be subjected to a consultation in the US.

Meanwhile, exporters in the UK, whose businesses will be impacted by the possible tariffs, say that with industries struggling with the impact of the pandemic, along with new trade arrangements with the EU, this additional burden “couldn’t come at a worse time”.

“At a time when we are trying to start discussions over a UK-US trade deal, it is extremely important that both governments get around the table to remove this threat as soon as possible,” Adam Mansell, head of the UK Fashion & Textile Association (UKFT), noted.

He claimed that the threat to impose tariffs on UK- made overcoats is “hugely disappointing”.

According to the Office for Budget Responsibility, this digital services tax would raise £300m in the current financial year, and about £700m in future years.

Meanwhile, a UK government spokesperson said that the tariffs are “temporary”, as London continues to work with Washington and other partners to find a global solution for the matter.

“Like many countries around the world, we want to make sure tech firms pay their fair share of tax. Our digital services tax (DST) is reasonable, proportionate and non-discriminatory,” the spokesperson said.

“It’s also temporary. We’re working positively with the US and other international partners to find a global solution to this problem and will remove the DST when that is in place.”

Latest news

Calls to import coal through aggregating agency

KOLKATA (CU)_Over the recent months, there has been an increase power generated through coal in India, both domestic and imported. As of Friday, power...

Related news

25 years after the murder, Metropolitan Police still has ‘much to do’

LONDON (CU)_Back in April 1993, Stephen Lawrence, a black British teenager from Plumstead, southeast London, was waiting for a bus in Well Hall Road,...

The ‘22nd century fit’ Elizabeth Line finally opens

LONDON (CU) London’s long-delayed crossrail was finally opened to passengers on Tuesday (24 May), more than 12 years after construction started on what was...

‘Many of you have seen things no child should have to witness!’

LONDON (CU)_The ongoing war in Ukraine following Russia’s invasion in late-February, is having a brutal impact on children, particularly those who have been displaced...

Has UK had sporadic cases of monkeypox before?

LONDON (CU)_Over the recent weeks, the monkeypox outbreak has been confirmed in 15 countries outside Africa, including the US, the UK, Europe, Canada, Australia...

Plans to ‘rip up’ the NI protocol denied: ‘We want a weapon on the table, we don’t want to use it.’

LONDON (CU)_Just last week, the Attorney General for England and Wales, Suella Braverman, gave her approval for a draft legislation that would unilaterally scrap...

Another ‘headline-grabbing stunt’?

LONDON (CU)_As households across the United Kingdom struggle with the ongoing cost-of-living crisis, Prime Minister Boris Johnson has ordered ministers to come up with...

Prince Charles steps in for the Queen, again!

LONDON (CU)_Earlier this week, Queen Elizabeth was forced to pull out of this year’s State Opening of Parliament on account of her mobility issues,...

No need for ‘drama’ ahead of crunch talks on Northern Ireland!

LONDON (CU)_The United Kingdom’s Foreign Secretary Liz Truss is reportedly preparing draft legislation that is aimed at overriding parts of the post-Brexit deal on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Calls to import coal through aggregating agency

KOLKATA (CU)_Over the recent months, there has been an increase power generated through coal in India, both domestic and imported. As of Friday, power...

Over 6000 employees required for Singapore Changi Airport!

            Singapore (CU)_ Changi Airport Group (CAG) has announced the launch of one of the largest recruiting campaigns in Singapore's aviation sector, with more...

One of Australia’s most anticipated mineral exploration targets is about to be drilled

PERTH (CU)_Chalice Mining has finally received long-awaited approvals to work inside a state forest in Western Australia, which would mean one of Australia’s most...

President Hichilema’s vision for Zambia’s vital mining sector

CAPE TOWN (CU)_Zambia's President Hakainde Hichilema recently participated in the annual African Mining Indaba that was held in Cape Town, South Africa. The Zambian...

A clear signal of intent after breaking the trust of Aboriginal Australians

PERTH (CU)_Back in May 2020, Rio Tinto destroyed a 46,000-year-old Aboriginal site in the expansion of… an iron ore mine in Western Australia. Although the...

A marathon trip designed to signal Beijing’s broader ambitions in the Pacific

HONIARA (CU)_Over the recent weeks, China’s growing influence in the Indo-Pacific has come under the spotlight following a controversial security agreement that was signed...

Queen to perform at Platinum Jubilee concert alongside Sir Elton John and Alicia Keys

LONDON (CU)_In less than two weeks, Queen Elizabeth will be celebrating her 70th anniversary of taking the throne. A series of events are scheduled...

Popular Indian Americans are investing in the US T20 cricket league!

California, USA (CU)_ According to recent media reports, popular Indian American business executives including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are...

Suhana Khan’s 22nd birthday bash was with the Archies squad!

Mumbai, India (CU)_ Suhana Khan turned 22 this year. The popular star kid celebrated her 22nd birthday with ‘The Archies’ team filled with enjoyment....

Singapore envoy lauds Bangladesh’s electricity and energy sectors

Dhaka, Bangladesh (CU)_ The energy industry of Bangladesh is booming. Recently, Bangladesh began building the 2.4-gigawatt (GW) Rooppur Nuclear Power Plant, which is anticipated...

25 years after the murder, Metropolitan Police still has ‘much to do’

LONDON (CU)_Back in April 1993, Stephen Lawrence, a black British teenager from Plumstead, southeast London, was waiting for a bus in Well Hall Road,...

The transgender community welcomes Pakistan’s Transgender Endowment Fund Bill 2022

Islamabad, Pakistan (CU)_ The transgender community and civil society have lauded the government of Khyber Pakhtunkhwa for passing Pakistan's Transgender Endowment Fund Bill 2022....