Thu, 29 May 2025

Thu, 29 May 2025 Simon Jack: What does Trump tariff ruling mean for the US-UK deal?

The news raises questions, but the impact on UK-US trade could be minimal

* The US court ruling has no impact on tariffs on cars, steel and aluminium, which make up a significant portion of UK exports to the US.
* The UK has a deal with the US to reduce car tariffs to 10% and steel and aluminium tariffs to zero, but this deal is yet to come into force.
* The ruling blocks Trump's imposition of blanket tariffs on other UK goods entering the US, such as salmon and whisky.
* However, the White House has said it intends to appeal the decision and there are other mechanisms for the President to impose tariffs.
* The ruling raises questions about whether reciprocal tariffs due in July will ever come into effect.
* The UK's trade deal with the US may not provide significant benefits if the President is prevented from imposing swingeing tariffs on others.
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