Tel : 020 3219 5860
E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.

Adding value by
solving business problems.

Adding value by
solving business problems.

Latest News

More in line for savings boost
24/04/2025 - More...
From April 2025, more low-income workers on Universal Credit can join Help to Save. Save up to £50/month and get a 50%

Have you set up your Personal Tax Account yet?
24/04/2025 - More...
Skip the phone queues. Your Personal Tax Account lets you manage everything from tax codes to refunds online. Quick,

Less than a year before MTD for Income Tax starts
24/04/2025 - More...
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital records, quarterly updates, and tougher

UK Responds to New US Tariffs

Source: Other | | 14/04/2025

The UK’s Business and Trade Secretary, Jonathan Reynolds, has set out the government's position following the United States' recent imposition of new tariffs on UK exports. These include a 10% reciprocal tariff on British goods and a separate 25% global tariff on cars — moves that have prompted concern among UK manufacturers and exporters.

Reynolds told Parliament he was disappointed by the decision, particularly given the close trading relationship between the two countries. While the US has already imposed a 25% tariff on steel, aluminium, and related products since March, the latest action extends the economic pressure and signals a hardening stance from Washington.

Despite the setback, the Trade Secretary struck a calm and constructive tone, saying the UK will continue to act in the national interest while standing behind domestic industries. He confirmed that UK officials are in ongoing talks with key figures in the US administration, including the Secretary of Commerce and the US Trade Representative, in an effort to rebuild a more stable and mutually beneficial trading relationship.

Reynolds was clear that the government is not seeking to inflame tensions but is preparing for all eventualities. A new public consultation has been launched, inviting businesses and stakeholders to give their views on the impact of the tariffs and to suggest potential UK responses. The consultation runs until 1 May and aims to ensure that any future action is well-informed and proportionate.

The government has also committed to helping businesses navigate the situation, offering guidance through its trade support services and encouraging firms to share their concerns. Reynolds noted that many UK companies still see strong opportunities in US-UK trade and want to preserve access to the world’s largest economy.

He ended by affirming the government’s wider strategy to promote economic resilience through industrial growth, international cooperation, and fair trading practices. The message from the Department for Business and Trade is that while the tariffs are unwelcome, the UK remains focused on protecting its interests without resorting to knee-jerk reactions.

In short, the UK is taking a pragmatic, level-headed approach — defending its industries, listening to businesses, and working to keep trade channels open, even in challenging circumstances.



Our Address

Milton Avis LLP
Chartered Accountants
Pitt House
120 Baker Street
London W1U 6TU

Tel : 020 3219 5860
E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.

Our Membership

 

News letter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login