The NFU has responded to the news of 10% tariffs on UK exports to the US, calling the increase a challenge for the UK and for agriculture, with the US remaining the largest market for British agri-food products outside of the European Union.
President Trump’s reciprocal tariffs may also result in products destined for the US market being redirected to the UK, negatively impacting our market.
NFU President Tom Bradshaw said: “We have been working closely with the government in the lead up to the announcements. While the UK has been hit by a lower baseline tariff compared to the EU, this remains a challenge for the UK and for agriculture, with the US being our second largest export market beyond the EU.
“While this is a developing and concerning situation, we are working in genuine partnership with the government and sharing our expertise on this to ensure, if there is any market disruption in response to a change in the movement of goods and products between affected countries, we can respond swiftly.
“The United States is the largest market for British agri-food products outside of the European Union and our farmers are proud to supply high quality, authentic, and unique British meats and cheeses to American consumers.
“We stand united in our desire to work together to ensure British farmers and growers are at the forefront of any decision-making and will continue to work hand in glove with government as the situation develops.”
President Donald Trump has announced new import taxes on all goods entering the US, describing the new measures as “reciprocal” and needed to rectify trade imbalances.
Tariffs of 10% will be introduced from Saturday 5 April on all UK imports and 20% on those from the European Union a few days later. President Trump has said the measures were needed because countries were taking advantage of the US by imposing high tariffs and other trade barriers.
The decision to impose additional 10% tariffs upon these products means UK goods entering the US will lead to higher prices for US consumers and provide uncertainty for UK exporters.