Welcome to United Kingdom Tariff News and Tracker. On this October 6th, 2025, we bring listeners a precise look at the latest news and crucial trends around tariffs impacting UK trade — with a close eye on the United States and recent moves from President Donald Trump’s administration.
A major headline this week comes from the automotive sector. According to Business Insider, Aston Martin shares plunged by as much as 11% after the luxury British automaker cut its sales guidance and warned of a loss exceeding £110 million this year. The backdrop? The impact of fresh US tariffs under President Trump. Since April, the US has imposed a 25% tariff on imported cars, and although a recent US-UK trade deal reduced that rate to 10% for a limited annual quota of 100,000 vehicles, British manufacturers like Aston Martin and Jaguar Land Rover remain particularly exposed. That quota system adds substantial uncertainty, making year-end forecasts for UK automakers highly unpredictable. Jaguar Land Rover even temporarily halted US shipments in April in direct response to the new tariff rules.
Tariffs are not just hitting automakers. The US tariff environment now directly affects multiple sectors. The Organization for Economic Cooperation and Development, or OECD, recently reported that the US's overall effective tariff rate shot up to 19.5% by late August — its highest since 1933. The OECD expects these tariff hikes, along with the broader Trump administration trade policy changes, to be fully felt throughout 2026. They warn this will keep pressure on growth, lower consumer confidence, and complicate trade flows for the UK and other major partners. The US economy itself is projected to slow, with 2026 GDP growth forecast to dip to just 1.5%.
The pharmaceutical and healthcare industries are also caught in this storm. A review published by Baker McKenzie points out that the US has imposed a 15% tariff ceiling on most imports, including many pharmaceuticals, though generics are exempt. This, together with tighter so-called “most-favored-nation” pricing rules, is driving US drug companies to consider raising prices for medications in the UK and EU by up to 150% this quarter to offset tariff and compliance costs. Industry experts warn this could impact both price and availability of medicines in the UK this winter.
For listeners tracking sector specifics, the Home Furnishings Association reports that, as of October 14th, key rates on imports to the US will stand at 10% for softwood, 25% for kitchen cabinets and bathroom vanities, and are set to rise to 50% on January 1, 2026. British exporters targeting American consumers, especially in furnishings, fixtures, and related goods, should reevaluate exposure to these shifting rates and adjust pricing strategies accordingly.
Despite these trade tensions, there’s some positive news. According to senior US officials speaking with AOL, the US and UK recently agreed to a $10 billion set of trade deals focused on technology, civil nuclear power, and defense cooperation, aiming to cement ties amid a challenging tariff landscape.
That’s the roundup for today. Thanks for tuning in to United Kingdom Tariff News and Tracker. Be sure to subscribe so you never miss an episode. This has been a quiet please production, for more check out quiet please dot ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
This content was created in partnership and with the help of Artificial Intelligence AI
A major headline this week comes from the automotive sector. According to Business Insider, Aston Martin shares plunged by as much as 11% after the luxury British automaker cut its sales guidance and warned of a loss exceeding £110 million this year. The backdrop? The impact of fresh US tariffs under President Trump. Since April, the US has imposed a 25% tariff on imported cars, and although a recent US-UK trade deal reduced that rate to 10% for a limited annual quota of 100,000 vehicles, British manufacturers like Aston Martin and Jaguar Land Rover remain particularly exposed. That quota system adds substantial uncertainty, making year-end forecasts for UK automakers highly unpredictable. Jaguar Land Rover even temporarily halted US shipments in April in direct response to the new tariff rules.
Tariffs are not just hitting automakers. The US tariff environment now directly affects multiple sectors. The Organization for Economic Cooperation and Development, or OECD, recently reported that the US's overall effective tariff rate shot up to 19.5% by late August — its highest since 1933. The OECD expects these tariff hikes, along with the broader Trump administration trade policy changes, to be fully felt throughout 2026. They warn this will keep pressure on growth, lower consumer confidence, and complicate trade flows for the UK and other major partners. The US economy itself is projected to slow, with 2026 GDP growth forecast to dip to just 1.5%.
The pharmaceutical and healthcare industries are also caught in this storm. A review published by Baker McKenzie points out that the US has imposed a 15% tariff ceiling on most imports, including many pharmaceuticals, though generics are exempt. This, together with tighter so-called “most-favored-nation” pricing rules, is driving US drug companies to consider raising prices for medications in the UK and EU by up to 150% this quarter to offset tariff and compliance costs. Industry experts warn this could impact both price and availability of medicines in the UK this winter.
For listeners tracking sector specifics, the Home Furnishings Association reports that, as of October 14th, key rates on imports to the US will stand at 10% for softwood, 25% for kitchen cabinets and bathroom vanities, and are set to rise to 50% on January 1, 2026. British exporters targeting American consumers, especially in furnishings, fixtures, and related goods, should reevaluate exposure to these shifting rates and adjust pricing strategies accordingly.
Despite these trade tensions, there’s some positive news. According to senior US officials speaking with AOL, the US and UK recently agreed to a $10 billion set of trade deals focused on technology, civil nuclear power, and defense cooperation, aiming to cement ties amid a challenging tariff landscape.
That’s the roundup for today. Thanks for tuning in to United Kingdom Tariff News and Tracker. Be sure to subscribe so you never miss an episode. This has been a quiet please production, for more check out quiet please dot ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
This content was created in partnership and with the help of Artificial Intelligence AI
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome to United Kingdom Tariff News and Tracker. On this
October sixth, twenty twenty five, we bring listeners a precise
look at the latest news and crucial trends around tariff's
impacting UK trade, with a close eye on the United
States and recent moves from President Donald Trump's administration. A
major headline this week comes from the automotive sector. According
(00:22):
to Business Insider, Aston Martin shares plunged by as much
as eleven percent after the luxury British automaker cut its
sales guidance and warned of a loss exceeding one hundred
and ten pounds million this year. The backdrop the impact
of fresh US tariffs under President Trump. Since April, the
US is imposed to twenty five percent tariff on imported cars,
(00:44):
and although a recent US UK trade deal reduced that
rate to ten percent for a limited annual quota of
one hundred thousand vehicles, British manufacturers like Aston Martin and
Jagua land Rover remained particularly exposed. That quotas add substantial uncertainty,
making uren forecast for UK automakers highly unpredictable. Jaguar Landrover
(01:08):
even temporarily halted US shipments in April in direct response
to the new tariff fools. Tariffs are not just hitting automakers.
The US tariff environment now directly affects multiple sectors. The
Organization for Economic Cooperation and Development, or OECD, recently reported
that the US's overall effective tariff rate shot up to
(01:31):
nineteen point five percent by late August, its highest since
nineteen thirty three. The OECD expects these tariff hikes, along
with the broader Trump administration trade policy changes, to be
fully felt throughout twenty twenty six. They warn this will
keep pressure on growth, lower consumer confidence, and complicate trade
(01:53):
flows for the UK and other major partners. The US
economy itself is projected to slow, with twenty twenty six
GDP growth forecast to dip to just one point five percent.
The pharmaceutical and healthcare industries are also caught in this storm.
A review published by Baker Mackenzie points out that the
US has imposed of fifteen percent tariff ceiling on most imports,
(02:17):
including many pharmaceuticals, though generics are exempt. This, together with
tighter so called most Favored Nation pricing rules, is driving
US drug companies to consider raising prices for medications in
the UK and EU by up to one hundred fifty
percent this quarter to offset tariff and compliance costs. Industry
(02:39):
experts warned this could impact both price and availability of
medicines in the UK this winter. For listeners tracking sector specifics,
the Home Furnishings Association reports that as of October fourteenth,
key rates on imports to the US will stand at
ten percent for softwood, twenty five percent for kit cabinets
(03:00):
and bathroom vanities, and are set to rise to fifty
percent on January first, twenty twenty six. British exporters targeting
American consumers, especially in furnishings, fixtures and related goods, should
reevaluate exposure to these shifting rates and adjust pricing strategies accordingly.
(03:22):
Despite these trade tensions, there's some positive news. According to
senior US officials speaking with AOL, the US and UK
recently agreed to a ten dollars billion dollars set of
trade deals focused on technology, civil, nuclear power and defense cooperation,
aiming to cement ties amid a challenging tariff landscape. That's
(03:44):
the round up for today. Thanks for tuning in to
United Kingdom Tariff News and Tracker be sure to subscribe
so you never miss an episode. This has been a
Quiet Please production. For more check out Quiet Please dot
Ai
Welcome to United Kingdom Tariff News and Tracker. On this
October sixth, twenty twenty five, we bring listeners a precise
look at the latest news and crucial trends around tariff's
impacting UK trade, with a close eye on the United
States and recent moves from President Donald Trump's administration. A
major headline this week comes from the automotive sector. According
(00:22):
to Business Insider, Aston Martin shares plunged by as much
as eleven percent after the luxury British automaker cut its
sales guidance and warned of a loss exceeding one hundred
and ten pounds million this year. The backdrop the impact
of fresh US tariffs under President Trump. Since April, the
US is imposed to twenty five percent tariff on imported cars,
(00:44):
and although a recent US UK trade deal reduced that
rate to ten percent for a limited annual quota of
one hundred thousand vehicles, British manufacturers like Aston Martin and
Jagua land Rover remained particularly exposed. That quotas add substantial uncertainty,
making uren forecast for UK automakers highly unpredictable. Jaguar Landrover
(01:08):
even temporarily halted US shipments in April in direct response
to the new tariff fools. Tariffs are not just hitting automakers.
The US tariff environment now directly affects multiple sectors. The
Organization for Economic Cooperation and Development, or OECD, recently reported
that the US's overall effective tariff rate shot up to
(01:31):
nineteen point five percent by late August, its highest since
nineteen thirty three. The OECD expects these tariff hikes, along
with the broader Trump administration trade policy changes, to be
fully felt throughout twenty twenty six. They warn this will
keep pressure on growth, lower consumer confidence, and complicate trade
(01:53):
flows for the UK and other major partners. The US
economy itself is projected to slow, with twenty twenty six
GDP growth forecast to dip to just one point five percent.
The pharmaceutical and healthcare industries are also caught in this storm.
A review published by Baker Mackenzie points out that the
US has imposed of fifteen percent tariff ceiling on most imports,
(02:17):
including many pharmaceuticals, though generics are exempt. This, together with
tighter so called most Favored Nation pricing rules, is driving
US drug companies to consider raising prices for medications in
the UK and EU by up to one hundred fifty
percent this quarter to offset tariff and compliance costs. Industry
(02:39):
experts warned this could impact both price and availability of
medicines in the UK this winter. For listeners tracking sector specifics,
the Home Furnishings Association reports that as of October fourteenth,
key rates on imports to the US will stand at
ten percent for softwood, twenty five percent for kit cabinets
(03:00):
and bathroom vanities, and are set to rise to fifty
percent on January first, twenty twenty six. British exporters targeting
American consumers, especially in furnishings, fixtures and related goods, should
reevaluate exposure to these shifting rates and adjust pricing strategies accordingly.
(03:22):
Despite these trade tensions, there's some positive news. According to
senior US officials speaking with AOL, the US and UK
recently agreed to a ten dollars billion dollars set of
trade deals focused on technology, civil, nuclear power and defense cooperation,
aiming to cement ties amid a challenging tariff landscape. That's
(03:44):
the round up for today. Thanks for tuning in to
United Kingdom Tariff News and Tracker be sure to subscribe
so you never miss an episode. This has been a
Quiet Please production. For more check out Quiet Please dot
Ai
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