LONDON — With nerves of metal and a expertise for journey and worldwide commerce woven tight into their DNA, the British are set to land in Manhattan on Monday, and are ready to do enterprise regardless of a spate of recent U.S. tariffs and continued Brexit uncertainty.
Walpole, the sector physique for the posh business, is embarking on its third annual commerce mission to New York, led by Michael Ward, chairman of the physique and managing director of Harrods and Walpole’s chief government officer Helen Brocklebank. Johnstons of Elgin, Molton Brown, Kathryn Sargent, The Savoy, The Corinthia and Heathrow VIP are among the many 18 trend, equipment and journey manufacturers participating this yr.
Trade relations are rocky between the 2 nations, with the U.S. pinning 25 % tariffs on a slew of British luxurious items, from wool and cashmere sweaters, to males’s fits to whisky, because of a long-running dispute between the U.S. and the European Union over Boeing and Airbus subsidies.
The tariffs got here into impact on Oct. 18, and have hit British luxurious significantly laborious. The U.S. is the second largest export marketplace for British luxurious items behind Europe, in keeping with a Walpole and Frontier Economics report, with 23 % of the
Follow Interneton Twitter or develop into a fan on Facebook.