{"id":76927,"date":"2025-05-05T16:45:08","date_gmt":"2025-05-05T16:45:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/76927\/"},"modified":"2025-05-05T16:45:08","modified_gmt":"2025-05-05T16:45:08","slug":"uk-now-paying-more-on-us-tariffs-than-eu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/76927\/","title":{"rendered":"UK now paying MORE on US tariffs than EU"},"content":{"rendered":"<p>For four days in April, Brexit supporters finally thought they had a \u2018dividend\u2019 to celebrate. The UK was hit by a 10% tariff rate from the US, with the EU fronting a 20% fee. However, President Trump reduced the latter down to 10% within a week \u2013 wiping out the perceived advantage.<\/p>\n<p><strong>ALSO READ: <a href=\"https:\/\/www.thelondoneconomic.com\/politics\/boris-johnsons-father-urges-keir-starmer-to-help-undo-the-huge-damage-of-brexit-392512\/\" target=\"_blank\" rel=\"noopener\">Boris Johnson\u2019s father urges Keir Starmer to help \u2018undo the huge damage of Brexit\u2019<\/a><\/strong><\/p>\n<p><strong>No Brexit benefit yet: How is the UK paying more on tariffs than the EU?<\/strong><\/p>\n<p>And, unfortunately for those on Team Leave, things only go downhill from here. According to data released by <a href=\"https:\/\/www.capitaleconomics.com\/\" target=\"_blank\" rel=\"noopener\">Capital Economics<\/a> this week, the UK actually harbours a higher tariff burden than the EU \u2013 due to the type of goods that are exported to America.<\/p>\n<p>Amid the flurry of tariffs, Donald Trump also issued a number of exemptions. These include goods from the pharmaceutical industry, alongside exports of electronic goods. In these markets, the EU does a higher proportion of their trade with America than the UK.<\/p>\n<p><strong>\u2018Type of goods\u2019 and \u2018volume of exports\u2019 skews US tariff rates <\/strong><\/p>\n<p>As per the research, Britain has ended up with the wrong end of the stick. Two of our biggest exports \u2013 steel and motor vehicles \u2013 still face a levy of 25%, which is much higher than the current baseline figures. This has resulted in a cost disparity between the UK and the EU.<\/p>\n<p>Capital Economic\u2019s calculations show that the <strong>average charge on British goods going to the US is up at 11.6%<\/strong>, due to the higher levvies. In the EU, the <strong>average tariff price is lower, at around 9.5%<\/strong>, largely thanks to the \u2018carve-outs\u2019 for medical supplies.<\/p>\n<p><strong>No Brexit relief as higher tariffs on steel, cars hit the UK<\/strong><\/p>\n<p>This has created a gulf of 2% between the average cost of tariffs for the UK and the EU. Now, should Trump reinstate the 20% tariff rate on the EU \u2013 as he has promised to do by July \u2013 this could change the figures slightly. But, as per <a href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/05\/05\/britains-tariff-burden-worse-than-eu-despite-trump-brussels\/\" target=\"_blank\" rel=\"noopener\">The Telegraph<\/a>, the ring-fence on pharmaceutical goods is likely to limit the impact.<\/p>\n<p>The EU also has the option of 25% retaliatory tariffs on American goods, which it had already planned to implement before the US announced a pause on the higher rates. Either way, Britain\u2019s fabled \u2018Brexit benefit\u2019 doesn\u2019t seem to stand up to much scrutiny.<\/p>\n","protected":false},"excerpt":{"rendered":"For four days in April, Brexit supporters finally thought they had a \u2018dividend\u2019 to celebrate. The UK was&hellip;\n","protected":false},"author":2,"featured_media":76928,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5226],"tags":[802,748,2000,299,5187,1699,4884,16,15],"class_list":{"0":"post-76927","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brexit","8":"tag-brexit","9":"tag-britain","10":"tag-eu","11":"tag-europe","12":"tag-european","13":"tag-european-union","14":"tag-great-britain","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114456240038415640","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/76927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=76927"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/76927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/76928"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=76927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=76927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=76927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}