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UK Exports to US Plunge £2 Billion Amid Tariffs

6/22/2025

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Summary

Story summary

UK exports to the US plummeted by £2 billion in April, a staggering 33% drop fueled by Trump's tariffs. While the new US-UK Economic Prosperity Deal brings some hope, mainly for the auto and aerospace sectors, many small and medium-sized enterprises still grapple with a hefty 10% tariff on goods over $800, leaving them exposed amid ongoing steel tariff disputes.

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Story summary

UK exports to the US plummeted by £2 billion in April, a staggering 33% drop fueled by Trump's tariffs. While the new US-UK Economic Prosperity Deal brings some hope, mainly for the auto and aerospace sectors, many small and medium-sized enterprises still grapple with a hefty 10% tariff on goods over $800, leaving them exposed amid ongoing steel tariff disputes.