The British government has revealed plans for possible retaliatory action against US goods following President Donald Trump's decision to impose new import taxes on products coming from the UK.

A 417-page document listing thousands of American products that could potentially face British tariffs has been published as part of a consultation with UK businesses. The extensive list includes items ranging from bourbon whiskey and children's clothing to firearms and crude oil.

Business Secretary Jonathan Reynolds confirmed that discussions with UK firms will continue until 1 May to determine which US imports might be targeted should trade negotiations fail.

"Our priority remains reaching a deal with the United States, but this consultation is a necessary formal step that allows us to keep all options on the table," Reynolds told Parliament on Thursday.

The list covers approximately 27 per cent of imports from the US, carefully selected to have "more limited impact" on the British economy, according to the Department for Business and Trade.

President Trump announced on Wednesday that the UK would face 10 per cent tariffs on most exports to America, with higher 25 per cent duties on cars, steel and aluminium. The UK exported nearly £60 billion worth of goods to the US last year, primarily machinery, automobiles and pharmaceutical products.

Speaking to reporters aboard Air Force One, Trump suggested he was open to negotiation, saying countries could avoid tariffs if they offered "something that is so phenomenal." He also claimed Prime Minister Sir Keir Starmer "was very happy on how we treated" the UK.

"Every country has called us since our announcement. That is the beauty of what we do, we put ourselves in the driver's seat," Trump said.

The government's forecaster has warned that a full-scale trade conflict could reduce UK economic growth by 1 per cent and eliminate the £9.9 billion economic headroom established by Chancellor Rachel Reeves in her recent Spring Statement.

Conservative shadow business secretary Andrew Griffith criticised the government's approach, noting that the UK received "no special favours" as it faces identical tariffs to the Democratic Republic of Congo and the Christmas Islands.

Meanwhile, former chancellor Jeremy Hunt urged the government to avoid retaliatory measures, suggesting Britain should instead position itself as a low-tax economy to counter global economic instability.

Reynolds maintained that talks with American officials would continue in hopes of securing an economic deal before the May deadline, but warned that the UK "reserves the right to take any action we deem necessary if a deal is not secured."

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