On Apr. 3, UK GVT launched request for input from businesses.
UK GVT launched request for input, seeking business views on response to US tariffs.
On same date the Business and Trade Secretary published an indicative list of goods imported from US for consideration in UK response, and also his statement to UKP.
Follows White House Apr. 2025 EO to impose tariffs on trading partners, #249574.
Summary
UK GVT to continue constructive discussions with US on deal as tariffs last resort.
UK businesses will shape the UK’s response to US tariffs announced overnight.
UK has strong trading relationship with US worth £315 bn, supporting 2.5 mn jobs across both countries and this is second only to EU where relationship worth £791 bn.
US announced 10% reciprocal tariff on UK exports, imposed 25% global tariff on cars.
No country was able to secure an exemption from these announcements, but the UK did receive the lowest reciprocal tariff rate globally and, though this vindicates the pragmatic approach UK GVT has taken, as long as tariffs levied there is a job to do.
UK companies are to provide feedback to questions asking them the average value of their US imports, impact of any possible UK tariffs, how they would adjust to them.
This makes it clear to businesses that the UK GVT would not consider products in the wider public interest issues such as medical supplies and military equipment.
It marks the next stage in negotiations with the US on economic relationship with UK.
UK GVT has been engaging widely with business organisations and companies from across the economy, including sectors like steel, automotive and food, and other companies who export high number of goods to US and will be affected by any tariffs.
They will continue to meet a broad range of businesses in the coming days to provide support and set out the UK GVT's priority of defending the interests of UK industry.
Effectiveness
The four-week Request for Input is open until May 1, 2025, and once the Request for Input closes, UK GVT will reflect on the feedback and consider how best to respond.
