Logistics Businesses Need Clarity On Intended US Tariffs

Responding to reports that the US intends to impose a 15% global tariff following the Supreme Court ruling on previous tariff measures, James Mills, Head of Trade Policy at Logistics UK, said:

"The US is the UK's largest single-country trading partner and accounts for around one sixth of all UK exports, so any changes to tariff arrangements matter significantly for British businesses. Companies now need urgent clarity on how the proposed 15% levy will apply in practice and confirmation that previously agreed sector arrangements will be honoured.

"Exports to the United States support nearly one million UK jobs, making stability in this relationship vital. In a more volatile global environment, trade-led growth depends on predictability and on keeping trade as open, efficient and frictionless as possible, because the UK grows when it trades."

Logistics UK is one of the UK's biggest business groups, representing logistics businesses which are vital to keeping the UK trading, and more than seven million people directly employed in the making, selling and moving of goods. With decarbonisation, new technology and other disruptive forces driving change in the way goods move across borders and through the supply chain, logistics has never been more important to UK plc. Logistics UK supports, shapes and stands up for safe and efficient logistics, and is the only business group which represents the whole industry, with members from the road, rail, water and air industries, as well as the buyers of freight services such as retailers and manufacturers whose businesses depend on the efficient movement of goods. For more information about the organisation and its work, please visit logistics.org.uk