On 2 April 2025, President Donald Trump declared “Liberation Day” for the United States, unveiling a series of comprehensive tariffs aimed at addressing the nation’s trade deficits. The new tariff regime includes a baseline levy, reciprocal tariffs targeting the “worst offenders,” and specific tariffs on items such as steel, aluminium, and car imports.
In response to these announcements, we have prepared a detailed briefing document that reviews the specifics of the new tariffs, the criteria used to determine them, and the anticipated impacts on the UK market. This document also outlines the next steps for businesses and stakeholders.
In these times of unprecedented uncertainty, understanding your market is crucial. It is essential to know the sources of materials, assess the health of suppliers, identify risks early, and stay updated with current news. Our briefing document explores these aspects, to help navigate the evolving trade landscape.
Read the full briefing here >>
For more information, please contact:
Rachel Coleman, Research Associate Director
