Britain and the EU Urge US Not to Raise Tariffs on European Luxury Goods

Still reeling from the impact of COVID-19 on jobs, business and the wider economy, British luxury brands are bracing themselves for a further blow: the possibility of higher, and broader, U.S. tariffs on British-made luxury goods resulting from the Airbus-Boeing subsidies controversy.

A new U.S. review of punitive tariffs on goods from the U.K. and the European Union will take place over the next three weeks, and beleaguered British companies — and their EU counterparts — are trying to persuade the U.S. not to make any changes for the worse.

“The British government and the EU need to be very focused on this, because it will potentially impact on jobs. We are all trying to take these steps to economic recovery, but if you reduce the possibilities of manufacturing businesses in the U.K., it will be hard to continue to employ people,” said Helen Brocklebank, CEO of Walpole, which represents 270 high-end British businesses across several sectors.

This story was reported by WWD and originally appeared on WWD.com. To read the full story, please go to WWD.com.

BEST GROUP Photo by Angelo Lanza Sponsored By ITA

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