Tariffs update:
The US Government announced over the weekend that it is suspending enhanced reciprocal tariff rates on a number of goods coming from China including semiconductors and smartphones. New guidance has been published by the US Customs and Border Protection here.
Support for business:
- Export Academy webinar on 28 April: Please do refer relevant businesses to this event which will cover recurrent questions such as how rules of origin affect tariffs: Events â US Tariffs: Practical impacts and explanations.
- Government-backed finance: Over the weekend the government announced new support via UK Export Finance and the British Business Bank:Â Â Government steps in to back British business in changing world – GOV.UK.
Other:
- HMG is also receiving queries about tariffs on imports. Whilst not directly related, you can refer businesses to the UK Global Tariff tool to find answers:Â Trade Tariff: look up commodity codes, duty and VAT rates – GOV.UKÂ . You also may have seen over the weekend that the government has suspended tariffs on a range of imported goods into the UK:Â Government cuts price of everyday items and summer essentials – GOV.UK.
