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October 15, 2025 3 mins
Welcome, listeners, to United Kingdom Tariff News and Tracker. Today is October 15, 2025, and here’s a rundown of the current UK–U.S. tariff landscape, recent headlines, and what it all means for trade and policy watchers, especially with the return of Donald Trump to the White House.

Beginning with the latest tariff rates, most UK-origin passenger vehicles imported to the United States now face a 2.5 percent base duty. However, since April 2025, a new 10 percent baseline tariff may also be levied on top of this, depending on a car’s classification and specific origin within the UK. For non-exempt vehicles, there’s also the possibility of an additional 25 percent Section 232 tariff, though properly coded classic vehicles over 25 years old can still enter with only the 2.5 percent base duty, thanks to longstanding U.S. import exemptions. The upshot is that tariff costs can range from 2.5 percent to as high as 37.5 percent for certain modern UK cars, making precise documentation and code compliance more critical than ever, according to WC Shipping’s 2025 import guide.

Listeners following the broader tariff war will know that President Trump’s renewed “America First” strategy has noticeably stiffened. Trade policy experts at the Gateley Economic and Political Outlook Forum, meeting just yesterday, highlighted the administration’s imposition of new tariffs on allied nations, with the UK front and center after post-Brexit trade negotiations. Among the standout measures are a 10 percent global tariff on imported softwood lumber and a 25 percent duty on certain upholstered furniture, set to increase to 30 percent in coming months. Analysts at Ivalua and KWE’s October compliance brief confirm U.K. exporters of furniture, timber, and select steel derivatives are encountering substantial new hurdles under the revised tariff code.

Despite anticipated disruption, the International Monetary Fund’s World Economic Outlook yesterday revised up UK growth projections for 2025, now expecting the UK to be the second-fastest-growing G7 economy after the U.S. However, the IMF also warned that these tariffs, alongside sharply rising energy and utility costs in Britain, are driving the highest inflation rates among advanced economies—a double-edged sword for UK exporters seeking new opportunities and households feeling the pressure.

On the diplomatic front, British Finance Minister Rachel Reeves and Bank of England Governor Andrew Bailey are in Washington, D.C. this week for the IMF’s annual meetings. There, they’re engaging in discussions on tariff mitigation and the evolving UK–U.S. trade relationship, a reflection of complex and sometimes conflicting pressures between close allies.

As retaliation and global supply chain redirection continue, Bank of England economist Alan Taylor noted in a recent Cambridge address that some EU and Asian goods, now highly tariffed in the U.S., are being diverted into the UK market, pushing down certain prices but also raising questions about long-term competitiveness and compliance vigilance.

That’s your tariff roundup for today. Thank you for tuning in, and don’t forget to subscribe for future updates and insight into the UK’s shifting trade landscape. This has been a quiet please production, for more check out quiet please dot ai.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome listeners to United Kingdom Tariff News and Tracker. Today
is October fifteenth, twenty twenty five, and here's a rundown
of the current UK US tariff landscape, recent headlines, and
what it all means for trade and policy watchers, especially
with the return of Donald Trump to the White House.
Beginning with the latest tariff rates, most UK origin passenger

(00:22):
vehicles imported to the United States now face a two
point five per cent base duty. However, since April twenty
twenty five, a new ten percent baseline tariff may also
be levied on top of this, depending on a car's
classification and specific origin within the UK. For non exempt vehicles,
there's also the possibility of an additional twenty five per

(00:44):
cent Section two three two tariff, though properly coded classic
vehicles over twenty five years old can still enter with
only the two point five percent base duty thanks to
long standing US import exemptions. The upshot is that terror
CRIF costs can range from two point five percent to
as high as thirty seven point five percent for certain

(01:06):
modern UK cars, making precise documentation and code compliance more
critical than ever. According to WC Shipping's twenty twenty five
Import Guide listeners following the broader tariff war will know
that President Trump's renewed America First strategy has noticeably stiffened
trade policy. Experts at the gately Economic and Political Outlook

(01:30):
Forum meeting just yesterday highlighted the administration's in position of
new tariffs on allied nations, with the UK front and
center after post brexit trade negotiations. Among the standout measures
are a ten percent global tariff on imported softwood lumber
and a twenty five percent duty on certain upholstered furniture,

(01:52):
set to increase to thirty percent in coming months. Analysts
at IVALUA and kwe's October compliance Brief confirm UK exporters
of furniture, timber, and select steel derivatives are encountering substantial
new hurdles under the revised tariff code despite anticipated disruption.

(02:13):
The International Monetary Funds World Economic Outlook yesterday revised up
UK growth projections for twenty twenty five, now expecting the
UK to be the second fastest growing G seven economy
after the US. However, the IMF also warned that these tariffs,
alongside sharply rising energy and utility costs in Britain are

(02:37):
driving the highest inflation rates among advanced economies, a double
edged sword for UK exporters seeking new opportunities and households
feeling the pressure. On the diplomatic front. British Finance Minister
Rachel Reeves and Bank of England Governor Andrew Bailey are
in Washington, d C this week for the IMF's annual meetings.

(02:59):
There they're engaging in discussions on tariff mitigation and the
evolving UK U S trade relationship, a reflection of complex
and sometimes conflicting pressures between close allies as retaliation and
global supply chain redirection continue. Bank of England economist Alan
Taylor noted in a recent Cambridge address that some EU

(03:21):
and Asian goods now highly tariffed in the US are
being diverted into the UK market, pushing down certain prices
but also raising questions about long term competitiveness and compliance vigilance.
That's your tariff round up for today. Thank you for
tuning in, and don't forget to subscribe for future updates

(03:42):
and insight into the UK's shifting trade landscape. This has
been a quiet please production. For more check out Quiet
please dot ai
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