UPDATE: 17 June 2025 The latest executive order leaving the US is phenomenally welcome news for the aerospace sector that delivers £13.6 […]
Tariffs
16 June: UK and US confirm parts of the tariff agreement
President Donald Trump has signed an executive order to remove the tariffs on key aerospace parts being shipped to the US, which will bring into force parts of a tariff deal agreed between the two countries last month.
Speaking at the G7 summit in Canada, Prime Minister Sir Keir Starmer called the move a “very important day” for both countries.
It comes after weeks of talks to implement parts of the pact, which the UK government hopes will shield British businesses from the impact of Trump’s tariffs. Read more via BBC News
This page will be updated as more information comes to light.
8 May: UK and US announce trade deal
On 8 May 2025, the UK Government confirmed that the UK is the first nation to secure a trade deal with the new US administration.
While there is clearly more detail to come, this is a welcome step for UK advanced manufacturing.
Our flash reaction – accurate to 1700 BST, 8 May 2025, can be read on the right.
This page will be updated as more information comes to light.
Please visit the Government website for more information:
BLOG: ADS response to US Tariffs – updated
Useful Information
- General terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal
- Statement by the Trade Secretary on US Tariffs
- Business review on US tariffs has concluded
- Question on the likely impact of EU tariffs on the Northern Irish Economy
- Latest updates from the BBC
- US Trade Tariffs – House of Commons Library
- Petersen Institute for International Economics – Trump Trade War Timeline 2.0
- Trade Tariff: look up commodity codes, duty and VAT rates
Events
ADS Member AlixPartners brought together experts from their Sourcing & Procurement, Supply Chain, and Growth teams for a webinar on strategies to address new US tariffs. A helpful A&D-focused presentation is also available both resources can be accessed here. Their Sourcing & Procurement, Supply Chain, and Growth teams for a webinar on strategies to address new US tariffs. A helpful A&D-focused presentation is also available both resources can be accessed here.
UK-India trade deal: conclusion summary
This conclusion summary outlines the benefits of the concluded deal between the UK and India, and explains the provisions and chapters in the UK-India Free Trade Agreement (FTA) and Double Contributions Convention (DCC).
As soon as the deal comes into force, 64% of tariff lines will be eligible for tariff-free imports into India, covering £1.9 billion of current UK exports to India (2022). This will include UK exports of advanced manufacturing such as aircraft parts and scientific and technical measuring instruments.