London: The UK's Office for National Statistics (ONS) announced an unprecedented drop in British exports to the United States in April, following the implementation of new US tariffs.
According to Qatar News Agency, Director of Economic Statistics at the ONS, Liz McKeown, said on Thursday that April saw the largest monthly fall ever recorded in UK goods exports to the US, following the recent imposition of tariffs. She noted that the decline affected most categories of goods, particularly cars and non-ferrous metals.
UK goods exports to the US fell by GBP 2 billion (approximately Euro 2.35 billion) in April alone - the sharpest monthly decline since records began in 1997.
In April, a new round of reciprocal tariffs came into effect, including a 10 percent levy imposed by President Donald Trump on the UK and several other countries, alongside a 25 percent duty on cars. These measures added to earlier tariffs introduced in March, which set a 25 percent tariff on steel and aluminum.
In early May, London reached a trade agreement with Washington that would exempt the UK from part of the tariffs. Negotiations are ongoing to bring the agreement into full effect.