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UK exports to the U.S. plunge by most on record as tariffs bite
- In April 2025, the UK experienced an 8.1% drop in goods export volumes, including a £2 billion plunge in exports to the US, marking the largest monthly decline since 1997.
- This sharp fall followed the implementation of US tariffs on British goods, which hurt exports to both EU and non-EU markets amid ongoing global trade tensions.
- Chancellor Rachel Reeves called the data clearly disappointing and linked it to mounting trade tensions as a Schroders survey identified tariffs as investors’ top economic concern.
- The UK economy shrank by 0.3% in April, and the trade deficit widened to £11.5 billion over three months, reflecting a rise in imports outpacing exports.
- The slump highlights challenges for exporters and suggests that unless tariff-related disputes ease, UK economic output and trade recovery may remain under pressure.
48 Articles
48 Articles
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Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy would suffer from painful tariffs on goods. Fresh data published by the Office for National Statistics showed the UK was not immune to tu…
British Exports to US Suffer Record Slump as Tariffs Take Effect
UK exports to the United States suffered a sharp drop of 8.8 percent in April, as the effect of U.S. President Donald Trump’s sweeping tariffs began to take effect, official data revealed on June 12. After rising for the past four months, British goods exports declined significantly, by 2.7 billion pounds ($3.7 billion) in April 2025, with falls in exports to both the EU and non-EU countries. “After increasing for each of the four preceding mont…
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