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UK RETAILERS WARN OF CHINESE ‘DUMPING’ AMID TARIFFS, CALL FOR END TO TAX LOOPHOLE British retailers have warned that Chinese companies risk flooding the U.K. with low cost goods as U.S. President Donald Trump’s tariffs choke off access to the world’s largest consumer market. The British Retail Consortium said domestic firms had raised alarm about cheaper goods being “rerouted” away from the U.S. and toward other markets in the wake of Trump’s 145% tariffs on China, along with the closure of a key tax loophole for low-cost imports. “Retailers are very concerned about the risk of some lower quality goods being rerouted from the US to Europe as a result of the tariffs,” Helen Dickinson, chief executive at the BRC, said in a statement. Analysts flagged that risk was especially pronounced among Chinese producers selling via online marketplaces such as Amazon, Shein and Temu.
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