The UK has suspended import tariffs on 89 products and increased the loan facility for exporters to ease the strain on British businesses following the drastic imposition of US levies.
Levies on goods ranging from pasta to juices, plastics, plywood and gardening supplies will be slashed to zero for two years in a move that the UK government estimates will save British businesses at least ￡17mn a year in total.
The chancellor Rachel Reeves announced a ￡20bn increase in government-backed financing capacity on Sunday to help companies contend with the global trade war.
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