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DE
US collects $1.36bn in tariffs on British goods as Trump’s trade duties bite
['Amy Ingham', 'Amy Is A Newly Qualified Journalist Specialising In Business Journalism At Business Matters With Responsibility For News Content For What Is Now The Uk S Largest Print', 'Online Source Of Current Business News.']
Business Matters
The US has collected $1.36 billion in tariffs on British exports in just four months, six times more than in the same period last year, highlighting the toll of President Donald Trump’s duties on UK manufacturers.
The figures show UK goods faced the 12th-highest level of tariffs of any country, well ahead of Spain ($615m) and slightly above France ($1.35bn).
The Peterson Institute for International Economics estimates that the US collected around $122bn in tariff revenue between January and July this year, driven by rising effective tariff rates now averaging 18.6%—the highest since 1933.
Analysts warn that while tariff revenues may continue to climb in the short term, they risk suppressing overall trade volumes.
For UK exporters, however, the latest data underscores that even with concessions, Britain remains exposed to the sharp edge of Trump’s trade strategy.
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