United Kingdom Tariff News and Tracker Podcast Por Quiet. Please arte de portada

United Kingdom Tariff News and Tracker

United Kingdom Tariff News and Tracker

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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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https://amzn.to/3FkjUmwCopyright 2025 Quiet. Please Ciencia Política Ciencias Sociales Escritos y Comentarios sobre Viajes Política y Gobierno
Episodios
  • US-UK Trade Deal Brings Automotive Relief and New Tariff Quotas, but Baseline Taxes Remain Challenging for British Exporters

    US-UK Trade Deal Brings Automotive Relief and New Tariff Quotas, but Baseline Taxes Remain Challenging for British Exporters
    Jun 20 2025
    Listeners, welcome to United Kingdom Tariff News and Tracker for Friday, June 20, 2025.

    The past several weeks have brought major developments in tariffs and trade relations between the United States and the United Kingdom, shaped by President Trump’s tariff agenda and the new Economic Prosperity Deal announced this May. Here’s what matters most for the UK and its exporters.

    According to the White House, beginning May 8, an annual quota now allows up to 100,000 UK-produced vehicles into the US at a 10% tariff rate—down from the 25% previously imposed on autos under Section 232. This closely matches UK car exports to the US in 2024, providing vital relief for Britain’s automotive sector. The US has also committed to constructing quotas for UK steel and aluminum at most-favored-nation rates, provided Britain meets American requirements around supply chain security and ownership standards for these industries.

    The deal is not yet fully formalized and currently operates under general terms while negotiations continue. The US-UK Economic Prosperity Deal also promises sector-specific tariff reductions. For UK aerospace, the US has agreed to zero tariffs on certain aircraft and aerospace products, clearing the way for major purchases—including London’s recent £8 billion agreement to buy US-made airplanes, while Rolls-Royce engines will enter the US duty-free. The agreement includes preferential treatment for UK pharmaceuticals and ingredients contingent upon meeting new American standards.

    Despite these breakthroughs, the Trump administration’s 10% “universal baseline” tariff remains in place for virtually all UK imports into the US. For steel, aluminum, and automobiles that exceed the new quotas, a 25% tariff will still apply. These tariffs, set to rise for some sectors, contribute to an average effective US tariff rate of 15.8%, the highest since 1936. According to The Budget Lab at Yale, these higher tariffs are already raising household costs, with clothing and shoes facing especially steep increases in prices.

    On UK beef and ethanol, the United Kingdom has agreed to remove its 20% retaliatory tariff, opening a new, quota-based, tariff-free window for US beef exports and up to 1.4 billion liters of US ethanol to enter duty-free. However, any US ethanol imports above that quota face UK tariffs ranging from 10% to 50%.

    One ongoing point of contention is the UK’s 2% digital services tax on large US tech companies, which the Trump administration calls discriminatory. The tax survives for now, and both governments signaled that further negotiation will be needed.

    To sum up, while new quotas and tariff preferences represent progress, the 10% US baseline tariff on UK goods continues to weigh on British exporters. Businesses remain keenly interested in when and how a formal, binding deal will be achieved. As these negotiations continue and new announcements emerge, listeners can count on us to keep tracking every headline and update.

    Thank you for tuning in, and don't forget to subscribe for more timely analysis. 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 m
  • UK US Trade Tensions Escalate as Trump Administration Imposes 10 Percent Baseline Tariff Affecting Billions in Bilateral Exports

    UK US Trade Tensions Escalate as Trump Administration Imposes 10 Percent Baseline Tariff Affecting Billions in Bilateral Exports
    Jun 20 2025
    Listeners, welcome back to United Kingdom Tariff News and Tracker, where we give you the latest updates on tariffs affecting the UK and its trading partners, especially the United States. It’s June 20th, 2025, and there’s a lot to cover, with headline news about tariffs, direct impacts on UK-US trade, and key developments from the Trump Administration.

    Since April 5th, 2025, the United States has enforced a 10 percent baseline tariff on imports from the UK, affecting almost all goods except those already subject to higher duties under specific categories like steel, aluminum, and automobiles. Before this, US tariffs averaged just over 2 percent on most products, so this marks a significant increase. President Trump refers to this 10 percent rate as the "universal baseline" for all countries, with exceptions and higher rates on targeted products and for countries such as China, Canada, and Mexico.

    While these tariffs are now in force, it’s important to note that UK exports to the US are incredibly significant—over £59 billion in 2024, making the US the UK’s largest single-country export market. For comparison, the next largest was Germany, accounting for £32 billion, and the entire EU combined at £174 billion. This move therefore has major implications for British exporters and US importers.

    A preliminary UK-US trade deal was announced in May, including some relief and accommodations. The UK has agreed to remove its 20 percent retaliatory tariff on US beef and set a tariff-free quota for US beef imports. There’s also a preferential quota for US ethanol. For UK automobile exports, the first 100,000 vehicles shipped annually to the US are now subject to the 10 percent tariff, while any units above that are subject to the much steeper 25 percent rate. Discussions continue regarding steel and aluminum quotas to potentially ease the burden of the Section 232 tariffs, but those higher tariffs, often at 25 percent, still apply for now unless exemptions are negotiated.

    President Trump’s administration maintains that these tariffs are necessary to address longstanding unfair trade practices and market access barriers that hurt American businesses, citing, for example, UK agricultural tariffs that can exceed 125 percent for some meats and dairy products. According to White House summaries, the US average agricultural tariff was just 5 percent prior to this year’s increases, while the UK’s was closer to 9.2 percent on average. Trump has positioned these policy moves as part of a drive to correct the US trade deficit and “level the playing field.”

    Looking ahead, the Secretary of Commerce has the authority to adjust the tariff rate for UK-origin products or impose import quotas after July 9, meaning further changes could be on the horizon depending on the outcome of ongoing talks and retaliatory measures from other trading partners.

    Thanks for tuning in. Don’t forget to subscribe to stay updated with every episode of United Kingdom Tariff News and Tracker. 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 m
  • US-UK Economic Prosperity Deal Sparks Significant Tariff Changes Impacting Automotive, Steel, and Agricultural Sectors

    US-UK Economic Prosperity Deal Sparks Significant Tariff Changes Impacting Automotive, Steel, and Agricultural Sectors
    Jun 19 2025
    Listeners, welcome to United Kingdom Tariff News and Tracker, your essential update on the latest in UK-US trade and tariffs.

    The big story this week is the formal implementation of the US-UK Economic Prosperity Deal, signed by President Trump and Prime Minister Starmer and seen by many as a landmark in transatlantic trade. According to the White House, as of June 16, 2025, both countries are acting on a framework that impacts everything from automobiles and steel to beef and digital services.

    One major headline: President Trump has imposed a 10 percent “reciprocal” baseline tariff on most UK goods entering the US, effective since April 2, in a bid to address what he describes as unfair trade practices that contribute to the US trade deficit. This 10 percent tariff is now the universal baseline for most imports from all countries except China, Canada, and Mexico, who face different sets of tariffs. This rate is a significant jump—before these latest announcements, the average US tariff hovered around just 2.2 percent, though it was higher for some agricultural products.

    For the UK’s critical automotive sector, there’s been a significant adjustment: while the standard tariff for imported cars was raised to 25 percent in March, there’s now an annual quota for 100,000 UK-made vehicles to enter the US at the combined 10 percent rate. Beyond that quota, the 25 percent tariff resumes. Automotive parts from the UK for use in UK-manufactured vehicles also receive the 10 percent rate, provided they fit within the new quota system. This arrangement is designed to support UK auto exports while still reflecting the Trump administration’s protectionist stance.

    Steel and aluminum are also in focus. The US commits to negotiating an alternative arrangement for UK-origin steel and aluminum, potentially exempting a quota of UK exports from the Section 232 tariffs that currently stand at 25 percent on steel and 10 percent on aluminum. Both governments aim to create a new “trading union” for steel and aluminum, but no specific quota figures are yet agreed.

    Agriculture is another big winner. The UK has agreed to remove its 20 percent retaliatory tariff on US beef and will set a quota for tariff-free American beef imports. Additionally, there’s a new UK preference for 1.4 billion liters of US ethanol.

    Total US-UK goods trade was estimated at $148 billion in 2024, with the UK exporting over £59 billion in goods to the US—more than to any other single country. However, this new tariff landscape introduces uncertainty for businesses, as some elements of the deal remain non-binding and subject to further negotiation, especially around digital services. Notably, the future of the UK’s digital service tax—seen as discriminatory by the Trump administration—remains unresolved.

    The overall average US tariff rate now sits at 15.8 percent, the highest since the 1930s. Analysts at The Budget Lab at Yale report this has already raised consumer prices by 1.5 percent in the short term and is expected to cost the average US household around $2,000 this year.

    Listeners, thank you for tuning in to United Kingdom Tariff News and Tracker. Don’t forget to subscribe for the latest updates on tariffs and trade. 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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    4 m
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