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UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz

1 articles · 1 outlets · spread 0.00

UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz
trade1 d ago

UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz

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  • CNBC·May 1

    UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz

    US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty ImagesU.K. goods exported to the U.S. plunged around 25% following President Donald Trump's "liberation day" tariff blitz and have remained muted since, official data shows. Goods exports to the United States, excluding precious metals, fell by £1.5 billion, or 24.7%, following the introduction of tariffs, the Office for National Statistics (ONS) said Friday.The statistics body added that car exports from the U.K. to the States have also fallen since then and now languish below pre-tariff levels in the 12 months since April 2025.While U.K. exports of goods have stayed low, imports of goods increased at the start of 2026, leading to a trade deficit with the country's largest trading partner for three months in a row. Last year, the U.K. became the first country to secure a trade deal with the Trump administration after the president's so-called liberation day tariffs were unveiled, which upended global markets in turn. The terms of the deal

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May 1, 2026

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May 1, 2026

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