#uk-us-trade

#uk-us-trade

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The UK is set to be among the countries worst hit if US President Donald Trump's 15% global tariff goes ahead, analysis has suggested. The British Chamber of Commerce told the BBC the UK would "sit towards the bottom of league table" of trade partners if Trump's announcement came into effect on Tuesday. On Friday, the US Supreme Court outlawed most of the global tariffs that Trump had announced last year, saying the president had overstepped his powers.

A spokesperson for Downing Street said: The UK government is working with the US to understand how the overturning of Donald Trump's tariffs by the supreme court will affect the UK but expects our privileged trading position with the US to continue. The UK was the first to strike a tariff deal with the US, with 10% tariffs on all imports from Britain, compared with a blanket 15% rate for the EU.

Toyota’s planned £40 million investment in the Burnaston plant aims to produce the high-performance GR Corolla for US export, leveraging favorable UK-US trade tariffs.