The Biggest Loser From Trump’s New Tariffs Could Be Britain
An employee moves a wooden cask of Scotch whisky at a distillery in Keith, UK.
Photographer: Simon Dawson/Bloomberg
After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.
Britain had enjoyed a relatively lower reciprocal tariff rate at 10% compared with other countries — giving it a competitive advantage — but Trump’s promise to reimpose the levies at 15% for all nations means businesses may now face even higher duties. The UK will see the largest increase as a result, followed by Italy and Singapore, according to Global Trade Alert, while Brazil, China and India stand to benefit the most.