Britain: Our exports to the US see biggest decline due to tariffs

British goods exports to the United States in April saw their largest decline since records began in 1997, according to the UK Office for National Statistics.

Shipments of goods to the US, including precious metals, fell by £2 billion ($2.7 billion) from March, which the Office for National Statistics said was likely related to the implementation of tariffs on goods exported to the US.

Sales to the US were £4.1 billion, the lowest since February 2022.

Exports of most goods to the US fell in April, with exports of machinery and transport equipment falling by £800 million due to a decline in vehicle shipments.

Chemical exports fell by £300 million, and imports from the US fell by £400 million to £4.7 billion. The United Kingdom concluded an agreement with the United States on May 8th to reduce tariffs on cars and remove them from aluminum and steel, but this system has not yet come into effect.