What does the tariff decision mean for the UK?published at 08:52 British Summer Time
Image source, PA MediaTrump’s tariffs: The president has raised import duties on the UK in two ways: a 10% blanket rate on almost all goods entering the US implemented in April, and industry-specific 25% tariffs on steel, aluminium and cars.
The deal to reduce them: Under an agreement announced earlier this month, a set number of British cars and some steel and aluminium will be allowed to enter the US tariff free. In return, the UK will reduce tariffs on certain US products, including beef and ethanol.
The 10% blanket tariff on most goods entering the US from the UK will remain.
But the exact terms, including when the tariff reductions will be implemented, are still unclear. As yet, the outline of the agreement announced is non-binding.
What now: This latest court ruling impacts only the blanket tariff of 10%, which has been applied to almost every country.
If that is removed, only the industry-specific tariffs will remain, meaning there will still be much focus on the deal intended to reduce these.
Cars are the UK’s largest goods export to the US, at £8.3bn in the year to September 2024, according to government figures.
