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.

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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.

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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.

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    4 m
  • UK US Trade Tensions Continue as Trump Administration Maintains 10 Percent Baseline Tariff on Imports Amid Ongoing Negotiations

    UK US Trade Tensions Continue as Trump Administration Maintains 10 Percent Baseline Tariff on Imports Amid Ongoing Negotiations
    Jun 12 2025
    Listeners, welcome back to United Kingdom Tariff News and Tracker, your reliable source for all the latest headlines on tariffs and trade between the UK and the United States.

    Today, we’re looking at a rapidly shifting landscape as President Donald Trump’s administration makes sweeping changes affecting UK exports and imports. Just last month, the White House confirmed the United States would maintain a 10% baseline tariff on all UK goods imports, with additional targeted tariffs on specific sectors. According to the White House, this 10% rate is designed to address what the administration describes as unfair trade practices and to protect American industries. While the framework for a new U.S.-UK trade deal has been announced, it is not yet legally binding, meaning the current baseline tariffs remain in place for now.

    On top of that, steel and aluminum remain a flashpoint. The White House has stated that tariffs on steel and aluminum imports from the United Kingdom will stay at 25%, with the possibility of changes or quotas starting July 9, depending on the progress of the U.S.-UK Economic Prosperity Deal. President Trump also increased tariffs on steel and aluminum from other countries to 50% earlier this month, but the United Kingdom’s rate is, for now, holding at 25%.

    Auto and agricultural goods are also in the spotlight. Under the current arrangement, the first 100,000 UK-manufactured vehicles exported to the United States each year will be subject to the 10% tariff. Any vehicles beyond that threshold face a 25% tariff. Meanwhile, the UK has agreed to remove its 20% retaliatory tariff on U.S. beef imports, establishing a quota for tariff-free U.S. beef and introducing a preferential duty-free quota for American ethanol.

    There’s positive news for market access as well. Negotiations are advancing to reduce UK tariffs on U.S. goods from 5.1% down to 1.8%, aiming to lower costs for consumers and open new opportunities for businesses on both sides of the Atlantic. Farmers and manufacturers in both countries are praising these steps—industry leaders such as the National Cattlemen’s Beef Association and the American Farm Bureau Federation have welcomed the agreement, seeing it as a win for exports and jobs.

    Despite these moves, tariffs are still having broad economic effects. The Budget Lab at Yale reports the average effective tariff rate for U.S. consumers is now at 15.6%, the highest since 1937, and consumers are facing higher prices, particularly for clothing, shoes, and other essentials.

    As talks continue, digital services remain a point of contention. The UK’s digital service tax on big multinationals like Amazon and Google is still under negotiation, with the Trump administration pushing for changes.

    Listeners, stay tuned for more updates as these deals are finalized and new rates take effect. Thanks for tuning in to United Kingdom Tariff News and Tracker. Be sure to subscribe to stay ahead of the latest developments.

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    3 m
  • 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.

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    4 m
  • 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.

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    3 m
  • 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.

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    3 m
  • US UK Trade Deal Reveals New Tariff Landscape with 10 Percent Baseline and Sector Specific Restrictions on Imports

    US UK Trade Deal Reveals New Tariff Landscape with 10 Percent Baseline and Sector Specific Restrictions on Imports
    May 22 2025
    Welcome to United Kingdom Tariff News and Tracker. In today's update, we're focusing on the recent trade developments between the United States and the United Kingdom under the Trump administration.

    Last week, President Trump announced the framework of what he called a "historic trade deal" with the United Kingdom. Under this agreement, the 10% baseline tariff that Trump imposed on all trading partners on April 2nd, which he called "Liberation Day," remains in effect for UK imports to the United States.

    The deal includes several key provisions for specific sectors. UK car manufacturers face a significant restriction – the first 100,000 vehicles imported into the U.S. each year are subject to the reciprocal rate of 10%, but any additional vehicles beyond that quota will face a higher 25% tariff rate.

    The UK has agreed to lower its tariffs on American goods from 5.1% to just 1.8%, creating what the White House describes as "a golden age of new opportunity for U.S. exporters" and leveling the playing field for American producers. This is particularly significant given that the UK previously maintained tariffs up to 125% on certain products like meat, poultry, and dairy.

    The United States has also committed to negotiate an alternative arrangement to the Section 232 tariffs on steel and aluminum from the UK, with both countries planning to create a new trading union for these materials.

    According to the Budget Lab at Yale University, despite these developments, the US-UK trade deal has had minimal effects on average tariff rates. American consumers still face an overall average effective tariff rate of 17.8%, which is the highest since 1934.

    It's worth noting that the 10% baseline tariff represents a new normal in U.S. trade policy. The Council on Foreign Relations points out that with the UK unable to successfully push for the removal of this tariff, countries next in line for negotiations may face similar terms.

    Total goods trade between the U.S. and UK was estimated at $148 billion in 2024, representing about 3% of total U.S. global trade. The final details of this framework agreement are still being written, with formal negotiations continuing in the coming weeks.

    Thank you for tuning in to United Kingdom Tariff News and Tracker. Be sure to subscribe for regular updates on how changing tariff policies affect UK-US trade relations. This has been a quiet please production, for more check out quiet please dot ai.

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    3 m
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