3 April 2025, 14:30

By Simon Sutcliffe

The UK government may feel that it has been vindicated in its approach to trade and tariff negotiations with the US with the implementation of the baseline 10% tariff rate upon the UK.

Additionally, ardent Brexit supporters may be emboldened and point to our departure from the EU as a key moment in why the UK avoided the higher 20% rate imposed upon the EU.

We have escaped more punitive reciprocal tariffs by virtue of our relatively balanced trading position and the low reciprocal rates of our tariffs charged on US imported goods. So how do we take advantage of that position?

However, as these tarriff changes revolve around the ‘origin of goods’ and not their ‘place of departure’, UK businesses who import goods from China, the EU and further afield and then send them onto the US, will see their still........

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