『United Kingdom Tariff News and Tracker』のカバーアート

United Kingdom Tariff News and Tracker

United Kingdom Tariff News and Tracker

著者： Quiet. Please
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 This is your United Kingdom Tariff Tracker podcast.

Discover the "United Kingdom Tariff Tracker," your go-to daily podcast for the latest news and insights on tariffs imposed on the United Kingdom by the United States. Stay informed with comprehensive updates and expert analysis on how these tariffs impact trade, economy, and global relations. Whether you're a business professional, economist, or simply interested in international affairs, our podcast offers timely and relevant information to keep you ahead of the curve. Tune in each day to ensure you don't miss any developments in this dynamic and ever-evolving landscape.

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  • US-UK Trade Deal Locks in 10% Tariff Rate, Offers Modest Relief for Exporters in Landmark Economic Prosperity Agreement

    US-UK Trade Deal Locks in 10% Tariff Rate, Offers Modest Relief for Exporters in Landmark Economic Prosperity Agreement
    2025/05/15
    Listeners, welcome to United Kingdom Tariff News and Tracker. Today’s episode is packed with developments from Washington and London as the U.S. and UK edge closer to a potentially transformative trade relationship under President Trump’s second term.

    Just last week, the White House announced that the United States and the United Kingdom have agreed on a framework for what’s now being called the U.S.-UK Economic Prosperity Deal. This marks the first formal trade framework from President Trump’s administration since his sweeping “Liberation Day” tariffs were announced on April 2, 2025. Those tariffs imposed a flat 10% rate on all imports to the United States—a dramatic shift in global trade policy. According to the Council on Foreign Relations, this tariff remains locked in as the baseline rate in the new agreement, with no immediate relief for UK exporters. The UK has had to accept the 10% tariff, making this the de facto Most Favored Nation rate for the U.S.

    The Economic Prosperity Deal isn’t all one-sided, though. The UK has agreed to drop its own tariffs on U.S. goods, cutting them from an average of 5.1% down to just 1.8%. As reported by Supply Chain Dive, both nations are planning further negotiations to decrease other tariffs on a preferential basis over time, but until a final agreement is signed, these changes are not binding.

    In terms of sector-specific impacts, cars and agriculture are in the spotlight. Under the deal’s auto provisions, the first 100,000 UK-made cars imported into the U.S. annually get hit with the standard 10% rate. Any UK-made cars above that quota face a stiff 25% tariff. Meanwhile, the UK’s own agricultural tariffs—which average 9.2% and can soar past 125% for certain meat and dairy products—are under review, as U.S. farmers and exporters seek new access to British shelves.

    The Budget Lab at Yale reports that while the deal is historic, its immediate effect on the average tariff rate is modest. As of this week, U.S. consumers still face an effective tariff rate of 17.8%, the highest since the 1930s, with only minor reductions attributed to the U.S.-UK agreement. The broader economic hit from all 2025 tariffs adds about 1.7% to consumer prices, translating to an average household loss of $2,800 in 2024 dollars.

    Governor Brad Little praised the deal, saying it ushers in a golden age of opportunity for U.S. exporters, especially as the administration recognizes UK efforts to tackle global steel excess and negotiates a new trading union for steel and aluminum. The hope is that this sets a positive tone for future talks with other trading partners, but the UK’s inability to move the needle on the 10% U.S. tariff is a sobering signal for allies watching from the sidelines.

    Listeners, that wraps up today’s tariff news on the ever-shifting trade landscape between the U.S. and the United Kingdom. Thank you for tuning in and don’t forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 分
  • US and UK Forge Landmark Trade Deal with 10 Percent Tariff Baseline Amid Complex Negotiations for Global Market Access

    US and UK Forge Landmark Trade Deal with 10 Percent Tariff Baseline Amid Complex Negotiations for Global Market Access
    2025/05/11
    Listeners, welcome to United Kingdom Tariff News and Tracker—your dedicated source for the latest updates on trade, tariffs, and developments impacting the UK’s global commerce. Today’s headlines are all about the historic tariff framework between the United States and the United Kingdom, which has generated significant buzz since this week’s announcement from Washington.

    The United States and United Kingdom have agreed on the framework for a new trade deal, the first of its kind finalized by the Trump administration since last month’s sweeping announcement of global reciprocal tariffs. According to the White House, while the details are still being finalized and the agreement isn’t yet legally binding, both sides have made substantial commitments. Most notable is the continuation of the 10 percent baseline tariff on UK imports into the United States. This tariff was established as part of President Trump’s “Liberation Day” directive on April 2, setting a flat 10 percent tariff on all imports—a policy shift with long-term implications for America’s global trading relationships, including those within the World Trade Organization.

    In response, the UK government has pledged to lower its tariffs on U.S. goods from their current average of 5.1 percent to a much more modest 1.8 percent, in what British officials are calling a move to “open markets” and strengthen economic ties. UK Prime Minister Keir Starmer, speaking on the announcement, highlighted the importance of this deal for key British sectors, especially automotive manufacturing and steel, industries that have faced challenges from earlier U.S. tariffs.

    While the Trump administration’s 25 percent tariff on vehicles and auto components is set to be reduced under this agreement, the U.S. is also capping UK auto imports at 100,000 vehicles per year before higher rates kick in. American industry leaders, like the National Cattlemen’s Beef Association, have welcomed the deal, calling it a win for U.S. farmers and ranchers eager for better access to UK markets. Likewise, the Renewable Fuels Association praised the expanded opportunities for American-made ethanol.

    For the UK, the benefits are clear in theory—reduced tariffs on exports to America—but experts warn that the flat 10 percent U.S. import tariff could become the new normal for future trade partners, potentially making it harder for the UK to negotiate more favorable access down the road. As the final details take shape over the coming weeks, both governments are under pressure to lock in terms that will benefit their industries and workers.

    That’s all for today on United Kingdom Tariff News and Tracker. Thanks for tuning in, and don’t forget to subscribe for the latest developments. This has been a Quiet Please production, for more check out quietplease dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 分
  • Trump Unveils Comprehensive US-UK Trade Deal, Promising Lower Tariffs and Strengthened Economic Partnership

    Trump Unveils Comprehensive US-UK Trade Deal, Promising Lower Tariffs and Strengthened Economic Partnership
    2025/05/08
    Welcome to today's episode of "United Kingdom Tariff News and Tracker" where we bring you the latest developments on tariffs affecting UK-US trade.

    Breaking news today as President Trump has announced a "full and comprehensive" trade agreement between the United States and the United Kingdom, which is expected to be unveiled later today. In a post on his Truth Social platform this morning, Trump stated that the agreement will "cement the relationship between the United States and the United Kingdom for many years to come," highlighting the UK as America's first major trade deal partner under his second administration.

    A press conference is scheduled for 10 a.m. ET at the Oval Office, though it remains unclear whether any trade documents will be formally signed during this event.

    This announcement comes in the wake of significant tariff tensions. Currently, the UK still faces a 25% tariff on all steel, aluminum, cars, and car parts exported to the US. Earlier this year, Trump imposed a 10% tariff on UK goods, and in April announced broader "reciprocal tariffs" on many nations. While the UK was exempted from these heightened charges due to its greater imports from the US compared to its exports, the implementation of these tariffs has been suspended for 90 days.

    The timing of this trade deal is significant. Just last week, Britain secured a free trade pact with India, making this the second major trade agreement for the UK in merely seven days. According to a UK official, the US-UK deal will likely include lower tariff quotas on steel and automobiles, which would be a substantial relief for British exporters.

    Financial experts have been closely monitoring these developments, as the International Monetary Fund recently slashed growth forecasts for both the US and global economies, citing the impact of tariffs and warning that rising trade tensions would further slow growth.

    As this story develops, we'll continue to track the specific terms of the agreement and what it means for UK businesses engaged in transatlantic trade.

    Thank you for tuning in to "United Kingdom Tariff News and Tracker." Don't forget to subscribe for daily updates on tariff developments affecting UK-US trade relations. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
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    2 分

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