The US government has announced a new round of tariffs that will affect global trade, with UK exports facing a 10% tariff from 5th April. While this presents challenges for UK businesses, some trading partners—including the EU (20%), China (54%), and Japan (24%)—will experience even steeper increases from 9th April.

For UK importers, there is a silver lining: the recent strengthening of the GBP against the USD has made goods priced in dollars, including US imports and ocean freight, around 8% cheaper since January.

At IFE Global, we are closely monitoring the situation and will provide updates as needed to help you navigate any potential disruptions.