Trump’s Tariffs: Key considerations for the UK manufacturing Sector
21 May 2025
Published in: Member News
With the announcement of new US tariffs earlier this month, and the subsequent rapid updates and clarifications, global manufacturers – particularly those exporting into the US, are facing an increasingly complex and volatile trade environment.
President Trump’s original announcement on 2nd April 2025, dubbed ‘Liberation Day’, set in motion a wide-reaching series of tariff increases designed to encourage domestic manufacturing in the US. These included a 10% baseline tariff and the threat of reciprocal tariffs up to 50%, later escalating dramatically in the case of China to 125%, and then, as clarified on 10th April, a combined total of 145% when including existing measures.
Although reciprocal tariffs have now been paused for most countries (excluding China, Mexico, and Canada), the landscape remains highly uncertain, and manufacturers cannot afford to wait and see. These are not temporary disruptions; they reflect a significant shift in US trade policy with long-term implications.
So, what should UK manufacturers be thinking about?
Birmingham based Audit Partner, Chris Barlow explores further in MHA's latest insight.
Comments
Post A Comment
You must be logged in to post a comment. Please click here to login.
Our Patrons
