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US warns of retaliatory tax on UK exports

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.
 
The duties are designed to raise $325 million, the amount the US believes the UK tax will raise from US tech companies.
 
A UK government spokesperson said it wanted to make sure tech firms pay their fair share of tax.
 


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