Listen "UK Exports Face Steep 10% US Tariff Hike Amid Trade Tensions: Impact on Fashion, Textiles, and Music Goods"
Episode Synopsis
                            Welcome to United Kingdom Tariff News and Tracker, your go-to source for the latest developments affecting UK trade with the United States.As of April 5, sweeping new tariffs have taken effect under orders from President Trump. According to an update from the UK Fashion and Textile Association, every import from the United Kingdom into the US is now subject to an additional 10% tariff. This means any item that previously faced no duty now faces a 10% charge, and existing rates are bumped up by 10 points. For example, UK cashmere fabric, already subject to a hefty 25% tariff, now sees its duty rise to 35%. These changes are already in force and having a significant impact on sectors such as fashion, textiles, and music products, with reports from the British Phonographic Industry noting that even UK physical music goods—including CDs and vinyl—will face this baseline 10% tariff, although there’s some ongoing advocacy for exemptions in niche cases.The stated motivation from the Trump administration is to reduce the US trade deficit, encourage domestic manufacturing, and respond to what officials label as "unfair" trade practices by other nations. President Trump emphasized these tariffs as a move toward reciprocity, claiming the US is simply mirroring barriers faced by American exports abroad.The new US tariff regime does not single out the UK alone. Countries such as China, Vietnam, Bangladesh, and the EU are seeing even steeper hikes—some as high as 46%. However, through a recent executive action, the White House did announce a 90-day pause on higher tariffs for nations that have not retaliated, although the 10% baseline still applies to UK goods as of today.Political negotiations continue. The UK government remains hopeful for a deal that could exempt the UK from Trump’s new tariffs. US Vice President JD Vance recently told the website UnHerd that he’s optimistic about reaching a mutually beneficial trade agreement, citing President Trump’s well-known affinity for the UK and its royal family. The White House press secretary confirmed that some trade deals with key allies may be announced soon, but for now, UK exporters and businesses should plan according to the current tariff environment.Economists warn these tariffs have an immediate effect on consumer prices, with Yale University’s Budget Lab estimating an average increase of about 3% in the short run for American consumers. For UK businesses reliant on US markets, the next few months could see price adjustments, supply chain disruptions, and renewed lobbying efforts as both governments explore possible exemptions or modifications to the new tariff regime.That’s the latest on UK-US tariffs as of April 17, 2025. Thanks for tuning in, and don’t forget to subscribe for ongoing updates. 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/4iaM94QThis content was created in partnership and with the help of Artificial Intelligence AI                        
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