UK business tariffs: What you need to know after the latest US changes
UK businesses are facing fresh uncertainty following the US government’s decision to impose new tariffs. As of April 2025, a 10 percent tariff now applies to UK exports. In addition, a 25 percent global tariff on car imports has raised concern across several industries.
The government has responded by launching a consultation with UK businesses. While some retaliatory tariffs may follow, no official action has been confirmed yet.
These developments may affect both supply chains and customer pricing. So what can your business do to prepare?
Why the new US tariffs matter to UK businesses
The US is one of the UK’s largest trading partners. Changes in trade policy can therefore have real and immediate effects on business operations.
Some British exports may become less competitive in US markets. Others may face disrupted supply chains or cost increases. At the same time, global tariffs on vehicles have made it more expensive to import certain car parts and machinery.
Although the UK government is considering next steps, many businesses are still in the dark about what the final impact will be.
What this could mean for your business
While no one can predict the full outcome, now is the time to take stock. Rising costs, longer lead times, and price pressures may impact margins. For some, supplier relationships may need to change.
If your operations rely on importing goods from the US, your costs may rise. If you sell goods to American clients, demand may fall.
The effect of these tariffs will vary by sector. But without a plan, businesses risk being caught off guard.
What businesses can do now
Here are practical steps to help your business stay resilient:
- Review your exposure to US trade
Check if any of your key suppliers or clients are based in the US. Understand how much of your revenue or costs depend on these trade routes.
- Speak to suppliers and clients
Keep communication open. Ask suppliers how tariffs will affect pricing and delivery. Inform clients of any expected changes so they can plan ahead.
- Explore new supply options
If the cost of US imports increases, look for alternative suppliers in other regions. This may help you manage prices more effectively.
- Prepare for cost changes
Review your pricing strategy. If product costs rise, decide how much you can absorb and where you may need to adjust.
- Review your business insurance
Trade disruptions can increase business risk. Now is a good time to check that your policies reflect the current climate. Delays, cancellations, or unexpected losses may not always be covered under basic plans.
At Robison & Co, we tailor insurance policies to meet your unique risks. Whether you rely on overseas suppliers or operate across multiple regions, we make sure your protection fits your needs.
Stay informed and stay ahead
Trade changes can evolve quickly. While the situation is still developing, your best defence is staying informed. By monitoring developments and taking action early, you give your business the best chance of adapting successfully.
We’re here to support you every step of the way.
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