No Result
View All Result
Success American Investors
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Success American Investors
No Result
View All Result
Home Investing

Business secretary to meet JCB chief over US tariff chaos

by
August 26, 2025
in Investing
0
Business secretary to meet JCB chief over US tariff chaos
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Business Secretary Jonathan Reynolds is set to meet JCB chief executive Graeme Macdonald after the company raised urgent concerns about the impact of new US tariffs on British goods.

Hundreds of UK-made products containing steel or aluminium became subject to American levies over the weekend, with JCB among the manufacturers warning that the move has triggered significant disruption.

Mr Macdonald told the Sunday Times there was “chaos at the US ports right now” as goods were held up while customs officials scrambled to interpret the new rules.

“They need to get a deal done quickly because this is very damaging to British industry,” he said. “This has blindsided everybody – us, the UK Government, and certainly US customs. There’s a huge backlog of imported goods in every port now in the US.”

The tariffs cover more than 400 product categories, ranging from garden furniture and children’s cribs to everyday consumer items like shampoo packaged in aluminium.

Donald Trump raised tariffs on steel and aluminium imports from most countries to 50 per cent earlier this year, but Britain’s rate has remained at 25 per cent. UK companies are now lobbying ministers to strike a fresh deal with Washington that could eliminate the tariffs entirely.

Negotiators failed to finalise a metals agreement when the broader UK-US trade deal was signed in May, leaving exporters exposed to the new levies.

A government spokesperson stressed that the UK remains the only nation to have avoided the 50 per cent tariffs imposed elsewhere.

“Thanks to our trade deal with the US, the UK is still the only country to have avoided 50% steel and aluminium tariffs,” they said. “But we are committed to going further to give industry the security they need, protect vital jobs and put more money in people’s pockets through the Plan for Change.

“We will continue to work with the US to get this deal implemented as soon as possible and in industry’s best interests.”

British manufacturers warn that without a rapid resolution, exports could be hit hard, damaging competitiveness and threatening jobs. With a meeting scheduled between Mr Reynolds and Mr Macdonald this week, industry leaders will be watching closely to see if the government can secure a breakthrough on tariffs that many say are already choking trade.

Read more:
Business secretary to meet JCB chief over US tariff chaos

Previous Post

Poll finds MPs back electricity tax cuts to boost heat pump adoption

Next Post

Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

Next Post
Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

February 14, 2024

Last Day to Give in 2023!

December 31, 2023
Idaho Bucks Managed Care Trend

Idaho Bucks Managed Care Trend

December 5, 2023

The Producer Price Index

September 9, 2023
Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

0

0

0

0
Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

August 26, 2025
Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

August 26, 2025
Business secretary to meet JCB chief over US tariff chaos

Business secretary to meet JCB chief over US tariff chaos

August 26, 2025
Poll finds MPs back electricity tax cuts to boost heat pump adoption

Poll finds MPs back electricity tax cuts to boost heat pump adoption

August 26, 2025

Recent News

Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders”

August 26, 2025
Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

Britain’s top philanthropist Sir Chris Hohn condemns ‘cruel’ foreign aid cuts

August 26, 2025
Business secretary to meet JCB chief over US tariff chaos

Business secretary to meet JCB chief over US tariff chaos

August 26, 2025
Poll finds MPs back electricity tax cuts to boost heat pump adoption

Poll finds MPs back electricity tax cuts to boost heat pump adoption

August 26, 2025

Disclaimer: SuccessAmericanInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.