Exports of a range of fashion and textile products from the UK to the US will be hit with an additional 25 per cent tariff as part of the ongoing dispute between the US and the EU over subsidies granted. The list of products that will be facing a 25 per cent tariff includes cashmere jumpers, anoraks, swimwear, and bed linen.
Exports of a range of fashion and textile products from the UK to the US will be hit with an additional 25 per cent tariff as part of the ongoing dispute between the US and the EU over subsidies granted to both Boeing and Airbus.
The list of products that will be facing a 25 per cent tariff includes cashmere jumpers, anoraks, swimwear, and bed linen.
“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,” UK Fashion & Textile Association (UKFT) said in a statement.
The US is our third largest export market behind Europe and Japan.This will have major impact on our knitwear business, as well as the whole of the UK knitwear industry.
The US consumer has a great affinity with British high-quality knitwear and we urge all parties involved to come to an agreement quickly for the sake of British manufacturers and US consumers.
