The Washington Post is reporting that talks between the US and the UK are ongoing:

• UK offered to cut tariffs on beef and fish23 tuks

Relatively speaking, the UK got off easy this week although the tariffs are ending up across different industries:

• On April 2, 2025, President Donald Trump announced a 10% tariff on all imports from the UK, effective April 5, 2025. This action is part of a broader strategy to address trade imbalances and encourage domestic manufacturing

• In addition to the general tariff, specific sectors are facing higher tariffs:​

  • Automobiles and Automotive Parts: Subject to a 25% tariff.​

  • Steel and Aluminum Products: Also facing a 25% tariff, as per earlier announcements on February 10, 2025.

This article was written by Greg Michalowski at www.forexlive.com.