Office lights in some corners of Westminster burned late into the night as ministers and officials anxiously awaited US President Donald Trump’s announcement on new tariffs. Among them was Business Secretary Jonathan Reynolds, watching closely as the president unveiled sweeping increases, brandishing a giant card detailing the changes.
The move sent waves of anxiety through factories, boardrooms, and governments worldwide. While UK officials had sensed they might fare better than some, the specifics remained uncertain until the reveal: a 10% tariff on UK exports to the US.
Ministers have reacted with relief but not celebration. The new tariffs will still have significant consequences for British industries, and the broader global impact on trade flows, jobs, and economies could be profound in the coming months and years. One government source described the measures as “hugely disruptive,” with particular concern for the car industry.
Trade negotiations between the UK and US continue, with a team of four British negotiators engaged in what insiders call “pretty intensive” discussions with their American counterparts. Talks are being held remotely for now, though UK officials stand ready to travel to Washington if a deal appears within reach. Some describe the negotiations as resembling “a corporate conversation more than a traditional trade deal,” attributing the tone to the Trump administration’s unique approach.
Meanwhile, Westminster is buzzing over the disparity between the UK’s treatment and that of the European Union, with many Conservatives framing it as a Brexit dividend. In contrast, the Liberal Democrats argue the UK should collaborate with European and Commonwealth allies to push back imposing retaliatory tariffs if necessary.
Prime Minister Keir Starmer is set to meet with affected businesses, while the business secretary will address Parliament. The global response whether in rhetoric or retaliation will shape the next phase of this economic shift. The choices made by nations in the coming days will carry political and economic repercussions at home and abroad.
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