UK goods exports to US remain below pre-tariff levels
Updated
Updated · Bloomberg · May 1
UK goods exports to US remain below pre-tariff levels
8 articles · Updated · Bloomberg · May 1
Official data showed shipments to the US fell 25% to £4.7 billion in April after President Donald Trump's levies took effect.
The drop reversed Britain's goods trade position with the US, turning previous surpluses into deficits in a sharp shift in transatlantic trade flows.
Although London and Washington later agreed to reduce some tariffs, UK exports have still not recovered and remain about 15% below pre-Liberation Day levels.
Are US tariffs permanently rerouting global trade, pushing the UK to find more reliable economic partners?
If tariffs raise consumer prices without boosting jobs, what is the actual economic goal of the current US policy?