The UK government has completed its four-week consultation with businesses and stakeholders regarding possible retaliatory measures in response to tariffs imposed by the United States on various goods. The consultation received over 200 submissions.

The next step will see the government reviewing the feedback to assess the potential consequences of introducing UK tariffs in retaliation. Although no final decisions have been taken, officials have made it clear that all avenues are still being considered.

In parallel, discussions with the US are ongoing as part of efforts to secure a broader economic prosperity agreement. The aim of this deal is to eliminate both existing and future tariffs between the two nations.

At this stage, businesses currently impacted by US tariffs — or those keeping a close eye on potential developments — are advised to remain engaged. The outcomes of both the consultation and trade negotiations will shape future trading conditions, including possible shifts in costs or new opportunities.

Read more: UK government business review on US tariffs