US tariffs set to continue - what exporters need to know

The US Government has announced plans to make its current 10% tariff on most imported goods more permanent.

While the latest developments suggest that UK exporters may not face an increase in overall tariff rates when selling goods into the US, the trading environment remains challenging.

For the 40,000 UK companies exporting to the United States, the key concern will be the detail of the new tariff arrangements expected to be confirmed in July. Businesses will be watching closely to understand whether any sector-specific changes could increase costs, affect competitiveness or create additional barriers to trade.

The British Chambers of Commerce is calling for progress on the UK-US Economic Prosperity Deal, which could help reduce trade barriers and create new opportunities for exporters.

What should exporters do now?

• Continue monitoring developments ahead of the July announcement.
• Review your exposure to the US market and any potential tariff impacts.
• Check whether Free Trade Agreements or duty-saving opportunities may apply within your supply chain.
• Speak to our team if you are unsure how these changes could affect your business.

Business West's International Trade Services team will continue to monitor developments and provide updates as further details emerge.