Import Duties: USA
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of US tariffs on the UK aerospace sector.
Answered by Mr Douglas Alexander
The US has committed to reducing tariffs on UK aerospace goods such as engines and similar aircraft parts from the general 10% tariff being applied to all other countries, to 0% - which is expected to come into force by the end of the month. This means the UK is now the only country in the world to be exempt from the 10% on aerospace.
This deal is a win for the UK’s world-class aerospace sector which was facing additional 10% tariffs, helping make companies more competitive and allowing them to continue to be at the cutting edge of innovation.
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