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Wednesday, January 22, 2020

Britain-Trade tensions rise as US threatens car tariffs

US treasury secretary Steve Mnuchin has threatened new tariffs on UK carmakers after the chancellor defied pressure to cancel a new tax on tech firms.

Mr Javid said the UK would not back down over the tax which will hit US firms like Apple, Amazon and Facebook.

A trade deal with the EU would take priority over one with the US after the UK leaves the EU this month, he added.

Read more: Trade tensions rise as US threatens car tariffs - BBC News