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  • US-UK Trade Tensions Escalate as Trump Imposes Sweeping 10% Tariffs on British Goods with Partial Industry Exemptions
    2025/07/11
    Listeners, welcome to the latest episode of United Kingdom Tariff News and Tracker.

    Today’s biggest headline is the evolving trade dynamic between the United States and the United Kingdom under the Trump administration, which has been making international waves with a new approach to tariffs. According to the UK Office for National Statistics, President Trump formally announced a new range of tariffs on imports in April 2025, placing a blanket 10% tariff on nearly all UK goods entering the US. This baseline rate was part of a broader set of reciprocal tariffs targeting major US trading partners.

    However, there has been a positive development for the UK. In early May, the UK and the United States signed a trade deal that specifically benefits several key British industries. With this agreement, the US lowered tariffs on British car exports from an initial 28% down to 10% and completely removed tariffs on UK aluminium and steel exports. All other UK exports, however, remain subject to that blanket 10% tariff. The trade deal was signed off by President Trump in late June and officially came into force on June 30, 2025, according to the Office for National Statistics.

    President Trump’s team has been sending tariff letters to more than 20 nations, including the UK, laying out new tariff rates and warning that any countries raising tariffs on US goods will face equivalent increases on their own exports to America. In remarks reported by NBC News and TIME, Trump said that “not everybody has to get a letter,” and clarified that the US is simply setting its tariffs based on what it sees as fair, reciprocal trade. Trump further threatened that

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    2 分
  • UK Exporters Navigate Uncertain US Tariff Landscape as Trump Implements Tailor Made Trade Deals This Summer
    2025/07/09
    Listeners, today’s United Kingdom Tariff News and Tracker spotlights a busy summer for tariff news between the UK and the United States, with President Trump’s administration delivering both dramatic headlines and practical shifts for British exporters.

    Last month, President Trump signed the much-anticipated Economic Prosperity Deal with the United Kingdom. According to Time Magazine, this agreement lowered U.S. tariffs on British cars from 27.5% to 10% and removed tariffs entirely on British aircraft engines. That brings a measure of relief for UK automotive and aerospace sectors, which have faced intense tariff scrutiny for years. However, even with these reductions, the US has not eliminated the baseline 10% tariffs on most British goods—a rate that remains significantly above historic norms and continues to serve a dual purpose: protecting U.S. industries and shoring up revenue, especially in the wake of recent U.S. tax cuts.

    ABC News reports that Trump’s tariff policy now revolves around what he calls “tailor-made trade plans.” Under this approach, the president sets specific rates for each country, skirting the long-established World Trade Organization’s most-favored-nation rules that limited such unilateral actions. While major partners like the UK have secured partial relief, these tailor-made tariffs continue to generate uncertainty for businesses on both sides of the Atlantic.

    Recent legal and political developments add to that uncertainty. JD Supra explains that, despite the deal, the UK’s exemption from higher steel and aluminum tariffs is precarious. Currently, the rate for UK steel and aluminum exports to the U.S. remains at 25%, rather than the newly raised 50% for most other countries, but this could change depending on the fate of the Economic Prosperity Deal and possible new quotas or negotiations. British officials remain hopeful to see these tariffs completely removed, but for now, the compromise stands.

    Adding another twist, the White House extended the suspension of higher reciprocal tariffs for all Annex 1 partners—including the UK—through August 1, as reported by Green Worldwide. This means imports from the UK will generally face the 10% baseline tariff for now. After this date, however, tariffs, including sector-specific increases, may be activated unless further negotiations yield a different outcome.

    In summary, Trump’s tariff strategy has rocked the global trade order, with the UK one of the few to have secured some relief, especially for autos and aerospace. Still, the underlying uncertainty and the president’s penchant for unpredictable shifts leave UK exporters and importers watching Washington closely as summer unfolds.

    Thanks for tuning in to today’s United Kingdom Tariff News and Tracker. Be sure to subscribe for updates as we track these fast-moving changes. This has been a quiet please production, for more check out quiet please dot ai.

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    3 分
  • US-UK Trade Tension Eases: Trump Administration Reduces Automotive Tariffs and Offers New Economic Prosperity Deal
    2025/07/08
    Welcome back to United Kingdom Tariff News and Tracker. Today is July 8, 2025, and we have important updates on the evolving landscape of tariffs between the United States and the United Kingdom, especially under the latest policies from President Trump.

    According to the Trade Compliance Resource Hub, as of June 4, 2025, the United States implemented a 25% tariff specifically on steel products originating from the United Kingdom, while other countries face a 50% rate. This is part of a broader realignment of American trade policies targeting steel and derivative products. There are some notable exceptions for UK-origin aerospace goods that fall under the WTO Agreement on Trade in Civil Aircraft, which remain exempt from these tariffs as of June 23, 2025. However, almost all previous country exclusions from the existing Section 232 tariffs on aluminium and derivative aluminium articles have been revoked, tightening the trade environment significantly for UK exporters. Additionally, the Secretary of Commerce now holds the power to adjust UK tariff rates or impose import quotas at any time, operating under the framework of the U.S.-UK Economic Prosperity Deal announced on May 8, 2025.

    For listeners tracking the automotive sector, JD Supra reports that the United States has reduced tariffs on UK automotive imports and parts from 27.5% to 10%, effective by the end of June 2025. This reduction marks one of the most significant recent changes and comes under the executive order aligned with the new Economic Prosperity Deal between the US and UK. The aim is to balance American industrial interests with the need to maintain stable transatlantic trade, especially as both countries navigate other contentious issues like tariffs on steel, trucks, and aerospace products.

    Further context from Politico details that President Trump’s administration has also offered a baseline 10% tariff deal to the European Union, with exceptions in sensitive sectors such as aircraft and spirits. For countries that do not conclude new US trade deals by August 1, tariffs could revert to the higher rates seen earlier this year.

    In summary, the US-UK tariff environment is highly active and subject to rapid change. Steel faces a 25% US tariff, but key aerospace products enjoy exemptions. UK automobiles and their parts now benefit from a 10% US tariff rate, down from 27.5% last year. Broadly, the new Economic Prosperity Deal is shaping a more predictable—though still protectionist—framework for UK exporters.

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    3 分
  • US-UK Trade Tensions Escalate: Trump Imposes 10% Tariffs Across Imports While Negotiating New Economic Prosperity Deal
    2025/07/07
    Listeners, welcome to United Kingdom Tariff News and Tracker. Today is Monday, July 7, 2025, and we’re bringing you the latest headline updates and analysis on tariffs, trade, and the critical relationship between the United Kingdom and the United States, especially as President Trump’s trade agenda continues to make waves.

    On April 2, 2025, which the U.S. administration has dubbed Liberation Day, President Trump imposed a sweeping 10% tariff on all imports from every country, including the United Kingdom, as part of a bid to address what the White House calls unfair trade practices and to protect American workers and manufacturers. This move marked a major escalation in U.S. trade policy and had immediate implications for transatlantic trade according to a recent White House fact sheet.

    Shortly after, President Trump and Prime Minister Keir Starmer announced the U.S.-UK Economic Prosperity Deal, hailed by both governments as a new era in bilateral cooperation. The deal includes significant measures. The United Kingdom agreed to lower or eliminate a range of non-tariff barriers that had previously restricted American products, especially in agriculture—meaning more access for American beef and ethanol. In response, the U.S. announced an alternative arrangement for its Section 232 tariffs on British autos and steel, allowing up to 100,000 UK-made vehicles per year to enter the U.S. at the 10% reciprocal tariff rate, but cars exceeding that threshold face a hefty 25% tariff. The U.S. is also recognizing the UK’s actions on steel and aluminum capacity and negotiating a new trading union for these sectors. The UK, for its part, is eliminating its 19% tariff on up to 1.4 billion liters of U.S.-produced ethanol.

    Despite the optimistic tone, there are some caveats. According to the UK Parliament’s House of Commons Library, the announced Economic Prosperity Deal is not yet a legally binding agreement. Both governments have agreed to a framework and expressed intentions to formalize these terms, but the details are still being negotiated. As things stand, the 10% baseline tariff imposed by the Trump administration remains on virtually all UK goods exports to the United States, and this is impacting UK exporters whose access to the American market is critical—the U.S. remains the single largest destination for British exports, totaling over £59 billion in 2024.

    Meanwhile, The Budget Lab at Yale reports that, factoring in all the 2025 tariffs imposed by the U.S., the overall effective tariff rate has climbed to an average of 15.8%—the highest level seen in nearly a century. For UK exporters—especially in sectors like automotive, aerospace, steel, and agriculture—this creates uncertainty and increased costs, even as both governments tout the potential for prosperity if the Economic Prosperity Deal is fully enacted.

    Negotiations are ongoing, and while the reciprocal tariff pause announced in April offered a brief reprieve, businesses on both sides of the Atlantic are still waiting to see which terms ultimately become law. The lack of a binding agreement and the high level of tariffs have left many UK industries facing a period of unpredictability.

    Thanks for tuning in to United Kingdom Tariff News and Tracker. Don't forget to subscribe for weekly updates on the issues shaping UK trade. This has been a Quiet Please production, for more check out quietplease dot ai.

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    4 分
  • US-UK Trade Tensions Ease as Trump Implements 10% Tariff and Starmer Negotiates Economic Prosperity Deal
    2025/07/06
    Welcome to United Kingdom Tariff News and Tracker. Today’s update is packed with major developments at the heart of transatlantic trade as the effects of President Trump’s globally transformative tariff policies continue to shape the economic relationship between the United States and the United Kingdom.

    On April 2, 2025, President Trump marked what he called “Liberation Day” by instituting a blanket 10 percent tariff on all US imports, including those from the United Kingdom. This action was described by the White House as a step to counter unfair trade practices and reduce America’s trade deficit, marking the highest effective tariff rate in over a century, according to coverage from Wikipedia and the administration’s own statements. The White House said the purpose was to better protect American workers, manufacturers, and national security. US exports to the UK, for context, reached an estimated $148 billion in 2024, highlighting the immense economic stake for both countries.

    Despite this sweeping tariff, the US and UK have moved quickly to negotiate an Economic Prosperity Deal, announced on May 8, 2025, by President Trump and Prime Minister Keir Starmer. According to a White House fact sheet, this deal is set to usher in a “golden age” of opportunity for US exporters and is designed to level the playing field for American producers. The UK has agreed to reduce or eliminate numerous non-tariff barriers, especially those affecting American agricultural exports such as beef and ethanol. Prime Minister Starmer emphasized that the deal is “hugely important” for British industries, including automotive manufacturing and steel, both of which have suffered under previous US tariffs.

    Under the framework of the new deal, UK imports into the US will avoid additional reciprocal tariffs but remain subject to the 10 percent baseline tariff. In return, the US has agreed to reduce its 25 percent tariffs on UK vehicles and auto parts, along with other concessions on steel and aluminum. The Economic Prosperity Deal, while not yet a legally binding treaty, lays out a path to enhanced economic cooperation and mutual benefit, with goals that include removing trade and investment barriers and strengthening the historic “Special Relationship” between the two nations, according to leading legal and policy analysts at K&L Gates.

    The new tariffs have not been without criticism. Fact-checkers and economists cited in outlets like FactCheck.org and The Economist have questioned both the methodology for calculating these tariffs and their broader economic impact, noting that the average US tariff rate has surged dramatically in just a few short months and warning of potential adverse effects on global supply chains and domestic prices.

    Listeners, as of today, the 10 percent baseline tariff on UK goods entering the United States remains in force, while the Economic Prosperity Deal is aimed at reducing barriers and opening new market access, particularly for US agricultural and industrial goods headed to the UK. Details on sector-specific tariff relief, especially for UK automakers and steel producers, are being finalized.

    Thank you for tuning in to United Kingdom Tariff News and Tracker. Don’t forget to subscribe for future updates as these historic negotiations continue to unfold. This has been a Quiet Please production, for more check out quietplease dot ai.

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    4 分
  • US Imposes 10% Tariff on UK Imports Trump Announces Sweeping Trade Measures Affecting Automotive and Agricultural Sectors
    2025/07/04
    Welcome to United Kingdom Tariff News and Tracker, your go-to source for the latest updates on tariffs and trade between the UK and the United States.

    As of July 4th, 2025, the trade relationship between the UK and the US remains in the global spotlight, following President Trump’s imposition of a sweeping 10% baseline tariff on all imports to the United States, including those from the United Kingdom. Trump announced this policy on April 2nd, a date his team now calls Liberation Day, as part of what the White House describes as efforts to combat unfair trade practices and address the persistent U.S. trade deficit. According to the White House, this 10% tariff rate is currently in effect for all UK goods entering the US market, with some key exemptions and quota systems in place for specific sectors.

    Looking at specifics, UK automobile exports to the U.S. face a quota system under the new deal: the first 100,000 vehicles each year are subject to the 10% tariff, while any vehicles above that quota are hit with a steep 25% tariff. The same deal saw the U.S. agree to negotiate alternatives to previous Section 232 tariffs on UK steel and aluminum, with a new trading union formed to address ongoing disputes in these sectors. President Trump also recognized UK efforts to reduce global steel overcapacity and is continuing negotiations over these tariffs. The U.S.-UK trade deal, reached in May, has been touted by both governments as historic, with the United States granting duty-free access for Rolls-Royce engines and the UK agreeing to purchase $10 billion in U.S. airplanes.

    Despite these arrangements, the broader impact on UK exporters is significant. Brookings notes that prior to Trump’s administration, the U.S. tariff rate on UK autos was only 2.5%, making the new 10% rate a marked increase even within the quota, and a punitive 25% for anything above. The U.K. has also agreed to lower tariffs on U.S. cars, but details remain sparse. For agricultural goods, the UK maintains high tariff barriers, some reaching over 125% on meat, poultry, and dairy, and continues to apply a 2% digital services tax on U.S. tech companies operating in Britain—a sticking point left unresolved in recent negotiations.

    Meanwhile, the average effective tariff rate for all U.S. imports is now at a historic 15.8%, the highest seen since 1936, reports the Budget Lab at Yale. This marks a dramatic shift from the previous average of just over 2% in prior years, reflecting the broader reach of Trump’s trade agenda.

    For UK businesses, the hit is immediate. In 2024, the United States remained the UK’s single largest export market, taking in over £59 billion of UK goods—16% of all UK exports. These new tariffs are expected to affect everything from autos and pharmaceuticals to agricultural products and industrial inputs.

    Thank you for tuning in to United Kingdom Tariff News and Tracker. Don’t forget to subscribe for the latest updates and in-depth analysis. This has been a quiet please production, for more check out quiet please dot ai.

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    3 分
  • UK and US Forge Landmark Trade Deal: Tariff Reductions Boost Automotive and Aerospace Sectors Amid Ongoing Challenges
    2025/06/30
    Listeners, here’s the latest on United Kingdom tariff news, focused on the evolving relationship between the US, President Trump, and Prime Minister Keir Starmer. As of today, June 30, 2025, a landmark deal between the UK and US is reshaping transatlantic trade in real time.

    Earlier this year, President Trump imposed a 10% blanket tariff on all countries starting April 2, a move branded as addressing unfair trade practices and protecting American workers. This was dubbed “Liberation Day” and marked a new era of aggressive tariff policy out of Washington. In response, Prime Minister Starmer carefully steered the UK away from retaliatory action, instead pursuing intensive negotiations with the US administration. According to the White House, this led to the May signing of the General Terms of the US-UK Economic Prosperity Deal, hailed by both leaders as historic.

    Under the terms now coming into force, the UK secured major tariff reductions for key industries. For British car exports, tariffs dropping from the previous 27.5% to a much more competitive 10% represent a dramatic and immediate cost saving—ministers estimate this will save hundreds of millions of pounds a year and support hundreds of thousands of jobs in UK automotive manufacturing. The aerospace sector also benefits, with a removal of the 10% tariff on engines and aircraft parts, a boon for firms like Rolls Royce, which have been under pressure in recent years. The Independent reports that these gains are being widely celebrated by British industry and are expected to strengthen job numbers and competitiveness.

    However, not all sectors are seeing relief. Despite the earlier US-UK deal providing for reduced steel and aluminum duties, British steel remains subject to punishing 25% tariffs for the foreseeable future. This unresolved issue coincides with ongoing efforts to stabilize Britain’s domestic steel sector, including emergency parliamentary action to protect the Scunthorpe blast furnaces earlier this month. The White House signaled that further negotiations could produce more favorable terms, but for now, UK steel is among the industries continuing to bear the brunt of Trump-era tariffs.

    Meanwhile, the average effective US tariff rate across all goods stands at 15.8% according to analysis by Yale’s Budget Lab, with economists warning that these broad-based tariffs have already pushed consumer prices up by 1.5%, translating to substantial household income losses across both sides of the Atlantic.

    Listeners, it’s clear that while this week marks a significant turning point for UK-US trade, the full impact of these tariff changes will play out in boardrooms, factories, and households for months to come. Stay tuned for updates as further negotiations unfold and new sector-specific provisions are negotiated.

    Thank you for tuning in to United Kingdom Tariff News and Tracker. Remember to subscribe for the latest developments. This has been a Quiet Please production, for more check out quietplease dot ai.

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    3 分