LONDON — over a new tech tax that will come into force here on Thursday.
She pointed out that North America accounts for 20 to 25 percent of British luxury brands’ exports and 75 percent of British luxury brands identify the region as the priority international growth market. Earlier this week, Adam Mansell, CEO of the U.K. Fashion & Textile Association, expressed his disappointment about the threat of additional tariffs.
In a statement last week, USTR confirmed it was considering “possible trade actions,” with regard to those countries, but said it’s willing to negotiate with the countries involved. “We’re working positively with the U.S. and other international partners to find a global solution to this problem and will remove the DST when that is in place. Should the U.S. proceed to implement these measures, we would consider all options to defend U.K. interests and industry.”