Listeners, welcome back to United Kingdom Tariff News and Tracker. Here’s your latest update on tariffs, international trade, and economic developments between the United States and the United Kingdom as of June 22, 2025.The major story continues to be President Trump’s imposition of a 10 percent baseline tariff on nearly all imports into the United States, including goods from the United Kingdom. This policy, announced on April 2, 2025—what the president called “Liberation Day”—was aimed at addressing what the administration described as longstanding unfair trade practices and significant U.S. trade deficits. According to the White House, this marks “the most significant US protectionist trade action since the 1930s.” The UK is affected along with almost every other country, with only China, Canada, and Mexico facing different rates or exemptions.Prior to these actions, US tariffs were generally low, averaging about 2.2 percent, but some products—especially in agriculture—faced higher rates. Now, the 10 percent tariff is the new normal for most UK-origin products entering the US. Notably, certain products such as steel, aluminum, and cars are subject to even higher tariffs: the White House confirmed a 25 percent tariff remains on UK steel and aluminum, and for UK car exports, the first 100,000 vehicles each year enter at the 10 percent rate, but additional vehicles are hit with a 25 percent tariff.This isn’t just about tariffs: President Trump and UK Prime Minister Keir Starmer announced a new Economic Prosperity Deal in May, which includes significant concessions on both sides. The United Kingdom agreed to remove its 20 percent retaliatory tariff on U.S. beef and set a quota for tariff-free U.S. ethanol, opening up substantial new market access for American agricultural goods. In return, the US agreed to quotas and arrangements to allow more UK cars, steel, and aluminum to enter under less punitive terms—although the 10 percent baseline tariff remains in effect.According to the UK Parliament and the US government, the bilateral relationship is economically significant, with UK exports to the US totaling over £59 billion in 2024, making the US the UK’s largest single-country export market.However, the new tariffs are having an economic impact. The Yale Budget Lab estimates that the 2025 tariffs have driven consumer prices in the US up by 1.5 percent in the short run and led to an average per-household income loss of about $2,000. Commodities such as shoes and apparel are especially hard-hit, reflecting the wide-ranging effects of these protectionist measures.Both governments continue to negotiate unresolved issues, including the UK’s digital service tax, rules of origin requirements, and additional access for digital and financial services. Listeners can expect further developments as these talks continue through the summer.Thanks for tuning in to United Kingdom Tariff News and Tracker. Remember to subscribe for weekly updates on trade news that matters. 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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