"The US has collected $1.36 billion in tariffs on British exports in just four months, six times more than in the same period last year, highlighting the toll of President Donald Trump's duties on UK manufacturers. According to estimates from the US International Trade Commission, American buyers of British goods paid significantly more in tariffs between April and July than importers of French or Spanish products, despite concessions negotiated under the UK-US trade deal that came into effect at the end of June."
"The US tariff take has risen sharply overall. Imports from China generated $36bn in duties between April and July-more than double the prior year-followed by Mexico ($7.6bn) and Japan ($6.5bn). The Peterson Institute for International Economics estimates that the US collected around $122bn in tariff revenue between January and July this year, driven by rising effective tariff rates now averaging 18.6%-the highest since 1933."
"A government spokesperson said: "The UK was the first country to agree a deal with the US on key sectors, secured the lowest tariffs of any country on autos and steel and has received one of the lowest reciprocal tariff rates in the world. We will only ever sign trade deals in the national interest.""
US tariffs on British exports reached $1.36 billion between April and July, roughly six times the comparable period in 2024 when duties totaled $211 million. UK goods faced the 12th-highest tariff level, ahead of Spain ($615m) and slightly above France ($1.35bn). The UK-US trade deal cut rates on autos and steel, but the effective tariff rate on UK goods remains 10%, compared with 15% for EU exports from 7 August. Overall US tariff revenue surged, with China generating $36bn; the Peterson Institute estimates around $122bn collected January–July, and effective rates averaging 18.6%, the highest since 1933. Analysts caution that rising tariffs may suppress trade volumes and eventually flatten revenue growth.
Read at Business Matters
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