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United Kingdom Tariff News and Tracker

United Kingdom Tariff News and Tracker

By: 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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Episodes
  • US-UK Trade Deal Sparks Tension: 10% Baseline Tariff Impacts Automotive Sector and Consumer Prices in Landmark Agreement

    US-UK Trade Deal Sparks Tension: 10% Baseline Tariff Impacts Automotive Sector and Consumer Prices in Landmark Agreement
    Jun 1 2025
    Welcome to United Kingdom Tariff News and Tracker. Today is June 1st, 2025, and there’s no shortage of major headlines driving the conversation on tariffs, trade, and the evolving relationship between the United States and the United Kingdom under President Trump’s administration.

    The biggest headline for listeners is the announcement of a new U.S.-UK trade accord, following President Trump’s globally impactful “Liberation Day” tariffs, which imposed a 10% baseline tariff on imports from all trading partners, including the UK, effective as of April 5th. According to the White House, this reciprocal tariff rate of 10% is currently in force, impacting most goods that cross the Atlantic. The intention, as explained by President Trump and Prime Minister Kier Starmer earlier this month, is to create a more level playing field and open up opportunities for U.S. exporters in the UK while pushing back against what the administration calls “unfair market access barriers” imposed by the UK on American products.

    One immediate area of focus for UK industries is automobiles. Under the new agreement, the first 100,000 vehicles exported from the UK to the U.S. each year are subject to the 10% tariff. Any vehicles above that threshold will face a steep 25% rate. This is a major concern for British automakers, particularly as the sector has experienced disruptions from previous tariffs and ongoing uncertainty around the scope of Section 232 tariffs on steel and aluminum. The U.S. has indicated it will negotiate new arrangements for these specific sectors, responding to measures the UK has taken to curb global steel overcapacity.

    Politico has reported that while the broad framework for this trade deal is in place, some key details are still being finalized, including how standards and non-tariff barriers will be addressed. President Trump has been eager to show progress after his sweeping global tariff announcement unsettled financial markets and drew criticism from business groups on both sides of the Atlantic.

    From an economic standpoint, the Budget Lab at Yale finds that average effective U.S. tariff rates now sit at 6.9%—the highest level since 1969, with prices of imported autos projected to rise, costing consumers an extra $2,400 for a new vehicle on average. Overall, these tariff increases are estimated to cost American households close to $950 in annual consumer losses, with greater impact on lower-income families. The Center for American Progress estimates the total impact from Trump’s tariffs could reach as high as $5,200 per year for typical U.S. households.

    With UK goods facing the baseline U.S. tariff of 10%, and the prospect of even higher rates on specific products, businesses are closely watching ongoing negotiations for further relief and clarity. Both governments are signaling that the current deal is just the starting point for a new era of trade cooperation—albeit one forged under considerable tariff pressure.

    Thanks for tuning in to United Kingdom Tariff News and Tracker. Be sure to subscribe so you don’t miss the latest updates on tariffs, trade, and the transatlantic economy. 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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    4 mins
  • US-UK Trade Tensions Escalate with 10% Reciprocal Tariff Deal Impacting Automotive and Critical Supply Chains in 2025

    US-UK Trade Tensions Escalate with 10% Reciprocal Tariff Deal Impacting Automotive and Critical Supply Chains in 2025
    May 29 2025
    Welcome to United Kingdom Tariff News and Tracker, your podcast hub for the latest on tariffs and trade developments between the US and the UK. It’s May 29, 2025, and today’s headlines are focused on the historic shift in transatlantic economic relations, direct from the latest trade policy moves by the Trump administration.

    On April 2, President Trump set a new course for US trade policy with a sweeping 10% reciprocal tariff on all countries, aiming to counter what he described as unfair trade practices that have driven up America’s trade deficit and jeopardized national security. This policy, which the White House marked as “Liberation Day,” directly impacts the United Kingdom and was a catalyst for a flurry of bilateral trade discussions.

    Just this month, the United States and the United Kingdom agreed on the framework for a new Economic Prosperity Deal. While not yet a legally binding treaty, the deal cements key provisions: all UK goods entering the US are now subject to the 10% reciprocal tariff, a significant change from previous rates. There’s special attention to the automotive sector: the first 100,000 vehicles exported by UK manufacturers to the US each year face the 10% tariff, but any UK autos above that quota will be hit with a steeper 25% rate. Negotiations are still ongoing for alternative arrangements on longstanding US tariffs covering steel and aluminum, and both sides have signaled intentions to form a new trading union in those sectors.

    According to the White House press office, the deal is designed to secure supply chains for critical goods like pharmaceuticals and to signal a new era of reciprocal trade. The US-UK trade relationship is valued at approximately $148 billion as of 2024, and policymakers on both sides aim for this agreement to bolster jobs and market access for exporters.

    Meanwhile, the UK has agreed to lower its average tariff on US goods from 5.1% down to 1.8%, although some key agricultural products—such as meat, poultry, and dairy—still face UK duties that can exceed 125%, alongside strict regulatory standards. These market access barriers remain a sticking point in the talks.

    Economic analysis from The Budget Lab at Yale reveals that despite the new deal, the overall US effective tariff rate stands at 21.9%, its highest since 1909. Tariff-induced price increases are expected to cost the average US household up to $3,600 this year, and real GDP growth has taken a 0.2 percentage point hit as a result of the broader tariff hikes imposed in 2025.

    Listeners, these developments mark the most significant tariff and trade reset between the US and the UK in a generation, and the coming months will see further negotiations and likely adjustments on both sides of the Atlantic as the specifics are finalized. We’ll keep tracking these headline shifts and what they mean for businesses and consumers alike.

    Thank you for tuning in to United Kingdom Tariff News and Tracker. Remember to subscribe for future updates. 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 mins
  • US-UK Trade Tensions Escalate with 10% Tariff Amid Complex Economic Negotiations and Bilateral Challenges

    US-UK Trade Tensions Escalate with 10% Tariff Amid Complex Economic Negotiations and Bilateral Challenges
    May 25 2025
    Welcome to the United Kingdom Tariff News and Tracker podcast. I'm bringing you the latest developments on US-UK trade relations as of May 25, 2025.

    The trade landscape between the United States and United Kingdom continues to evolve following President Trump's "Liberation Day" tariffs implemented on April 2nd. Currently, UK exports to the US face a 10% baseline tariff on most goods, as established in the preliminary framework agreement announced earlier this month.

    This reciprocal tariff remains in effect despite the recently negotiated US-UK Economic Prosperity Deal. While the UK has agreed to lower its tariffs on US goods from 5.1% to 1.8%, the Trump administration has maintained the 10% tariff on UK imports, significantly impacting British exporters.

    For the automotive sector, a special arrangement allows the first 100,000 vehicles imported into the US by UK manufacturers each year to be subject to the 10% reciprocal rate, while any additional vehicles face a steeper 25% tariff. This quota nearly covers the total number of cars the UK exported to the US last year.

    There's good news for UK beef exporters, as beginning May 8th, the United States removed the 20% retaliatory tariff on beef imports and established a quota for tariff-free US beef imports.

    The Yale Budget Lab estimates that current US tariff policies have pushed the overall average effective tariff rate to 17.8%, the highest since 1934. They report the US-UK trade deal has had minimal effects on average US tariff rates.

    Negotiations continue on several fronts, including quotas for UK steel and aluminum, as well as discussions on rules of origin, pharmaceuticals, digital trade, financial services, and agricultural market access.

    For context, US total goods trade with the UK was estimated at $148 billion in 2024, making this relationship critical for both economies. The White House has stated this US-UK trade deal will "usher in a golden age of new opportunity for US exporters and level the playing fields for American producers."

    The European Union has delayed implementation of reciprocal tariffs until July 14th, with additional duties ranging from 4.4% to 50% on various US goods.

    Thank you for tuning in to the United Kingdom Tariff News and Tracker podcast. Make sure to subscribe for the latest updates on this developing situation. 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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    3 mins

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