As of Saturday, April 19, 2025, the tariff situation for the UK is primarily defined by the tariffs imposed by the United States on UK goods and the UK's response to these measures. Here's the latest update: US Tariffs on UK Goods: Baseline Tariff: A 10% tariff is currently applied to most goods imported into the United States from the UK. This baseline tariff came into effect on April 5, 2025.   Steel and Aluminium: UK steel and aluminium exports to the US continue to face a 25% tariff, which was implemented earlier in the year. Automobiles: A 25% tariff is also in place for UK exports of non-USMCA compliant vehicles and non-Canadian/Mexican content in USMCA-compliant vehicles to the US. Tariffs of 25% on automobile parts are scheduled to be implemented no later than May 3, 2025. "Reciprocal Tariffs" Pause: While the US had announced higher "reciprocal tariffs" that were due to take effect on April 9, 2025, for many countries (including the EU with a proposed 20% rate), these have been paused for 90 days (excluding China, Hong Kong, and Macau). Since the UK's proposed "reciprocal tariff" was also set at the baseline rate of 10%, this pause means the current tariff on most UK goods remains at 10%.   Exemptions: Certain goods, such as pharmaceuticals, semiconductors, copper, lumber, energy, energy products, and minerals not readily available in the US, are currently exempt from the 10% tariff. However, the US has indicated that tariffs on semiconductors and pharmaceuticals may be coming, and investigations into tariffs on copper and timber are underway.   De Minimis: The US has announced the end of the $800 de minimis threshold for imports from China and Hong Kong, effective May 2, 2025. While this doesn't directly target the UK, it's a significant shift in US trade policy.   UK Response to US Tariffs: No Retaliatory Tariffs Yet: Unlike some other US trading partners like the EU and China, the UK government has not yet announced any retaliatory tariffs on goods imported from the United States. Consultation on Retaliation: The UK government launched a consultation on April 3, 2025, seeking feedback from UK businesses on the potential impact of UK tariffs on US goods. This consultation is open until May 1, 2025, suggesting the UK is still considering its options.   Focus on Trade Deal: The UK government has emphasized its priority is to secure a favorable trade deal with the United States, hoping this will lead to the removal of the newly imposed tariffs. Negotiations for an "economic prosperity deal" are reportedly ongoing. Disappointment Expressed: The UK government has expressed its disappointment with the US tariff announcements, highlighting that UK-US trade in goods was balanced in 2024.   Impact on UK Businesses: UK businesses exporting to the US now face at least a 10% tariff on most goods, increasing costs for US buyers and potentially reducing demand. Sectors like automotive, machinery, and steel/aluminium are particularly affected due to the additional, higher tariffs already in place. UK businesses relying on global supply chains that pass through regions facing higher tariffs (like China) may also experience increased costs for imported components.   The UK government is urging affected businesses to provide feedback to the ongoing consultation on potential retaliatory measures.   Looking Ahead: The situation remains uncertain. The UK's decision on whether to impose retaliatory tariffs will likely depend on the outcome of their consultations with businesses and the progress of trade negotiations with the US. The 90-day pause on some US tariffs offers a window for potential de-escalation or negotiation. Businesses on both sides of the Atlantic need to closely monitor these developments.