The United States imposed duties of 25 percent. for steel, aluminum and cars and a base duty of 10 percent. for most other goods from Great Britain. This deepened the uncertainty of British entrepreneurs.
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The government said that support will increase the creditworthiness of the UK Export Finance (UKEF) to 80 billion pounds, with up to 10 billion pounds to support those whose tariffs most affect the most.
“The world is changing, which is why it is more important than ever to support our leading global enterprises and help them deal with upcoming challenges,” said Finance Minister Rachel Reeves.
“Today's decision confirms this, and thousands of enterprises throughout the country will benefit,” she added. (
