No wonder G/U is falling...
Biden administration threatens tariffs on UK goods in 'tech tax' row
The US has warned it could put tariffs of up to 25% on a host of UK exports in retaliation for a UK tax on tech firms. Ceramics, make-up, overcoats, games consoles and furniture could all be hit, according to a list published by the Biden administration. It is pressing ahead with the action, initiated under President Trump, and has scheduled hearings on the list. The duties are designed to raise $325m, the amount the US believes the UK tax will raise from US tech companies. The US argues the digital services tax - which aims to make big tech firms pay a fairer share of tax - has "unreasonable, discriminatory, and ... (full story)