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Britain avoids worst of Trump’s tariffs, but risks remain for Starmer

  • The UK faces a 10% tariff on exports to the US, with exceptions for cars, which incur a 25% tariff, as Donald Trump announced a new tariff regime for countries including Britain.
  • Total British goods exports fell by 6.4%, while imports decreased by 3.1%, highlighting the economic impacts of the tariffs.
  • Economists warn that the tariffs will cost the British economy billions and damage growth, despite the UK avoiding a higher EU tariff rate.
  • Business Secretary Jonathan Reynolds stated that the UK needs to negotiate to remove tariffs, noting that while the UK benefits from a lower baseline rate, it does not escape economic repercussions.
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UK avoids worst US tariffs post-Brexit, but no celebrations

More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours.

·Calhoun, United States
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Financial Times broke the news in London, United Kingdom on Thursday, April 3, 2025.
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