Small Businesses: Overseas Trade
The question
To ask the Secretary of State for Business and Trade, what strategic steps his Department is taking to protect (a) SMEs and (b) other UK exporters from the compounded impact of (i) new tariffs, (ii) customs charges and (iii) administrative burdens in the context of the removal of the US de minimis tariff exemption for small packages; and how this aligns with the Government’s broader (A) trade and (B) industrial policy objectives.
Answered by Chris Bryant
My department is engaging with businesses to monitor impacts on small and medium-sized Businesses (SMEs) from the removal of the US de minimis exemption. We have published information for UK businesses and remain in contact with US counterparts to seek further clarity.
We remain fully committed to empowering SMEs to thrive in international markets, through our wide-ranging export support under the Business Growth Service. This aligns with our Trade Strategy objectives to help businesses navigate requirements such as customs and tariffs. Royal Mail’s new service has allowed SMEs to continue trading with the US, whilst other counterparts initially suspended services.
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