The Washington Post is reporting that talks between the US and the UK are ongoing:
UK offered to cut tariffs on beef and fish23 tuksRelatively speaking, the UK got off easy this week although the tariffs are ending up across different industries:
On April 2, 2025, President Donald Trump announced a 10% tariff on all imports from the UK, effective April 5, 2025. This action is part of a broader strategy to address trade imbalances and encourage domestic manufacturing
In addition to the general tariff, specific sectors are facing higher tariffs:
Automobiles and Automotive Parts: Subject to a 25% tariff.
Steel and Aluminum Products: Also facing a 25% tariff, as per earlier announcements on February 10, 2025.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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