Commenting on the latest ONS trade data, BCC Head of Trade Policy, William Bain, said: “The first month of reduced automotive tariffs has had a positive effect on US exports alongside more certainty on the outlook for other manufactured goods sectors. “But far more work is needed on US...
Read moreUK Exports To US Hit 3-Year Low Commenting on the latest ONS trade data, BCC Head of Trade Policy, William Bain, said: “Tariff effects are clearly being felt by companies exporting to the US. Total goods exports across the Atlantic for Q2 2025 were 13.5% lower than a year...
Read moreResponding to President Trump’s decision to charge import duties for low value goods entering the US, William Bain, Head of Trade Policy, said: “This development has been coming for several months but is still a major blow to UK exporters to the US. Smaller firms and sole traders, who...
Read moreResponding to the release of the EU’s draft mandate for UK negotiations on removing checks on food and drink and eliminating carbon charges, William Bain, Head of Trade Policy, said: “Firms have been patiently waiting for signs of progress on the EU reset and will be pleased to finally...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “UK trade showed signs of stabilising in May as the initial impact of higher US tariffs began to subside. “Services exports and imports showed steady month on month growth of 0.5%....
Read moreThe Trade Confidence Outlook, conducted by the BCC’s award-winning Insights Unit, is a survey of just over 2,000 UK exporters. The data was collected between 12 May and 9 June, after a narrow trade deal with the US was agreed but before any changes came into effect. The EU...
Read moreReacting to news that the US President has signed an Executive Order on the trade deal with the UK, William Bain, BCC Head of Trade Policy, said: “News that the trade deal with the US has been agreed on automotives and jet engines will be music to the ears...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “It’s clear there was significant front loading of goods exports to the US before April as firms looked to cushion the impact of tariffs. “We should always be cautious about reading...
Read moreResponding to confirmation that new US tariffs on steel and aluminium should not affect UK exports, William Bain, the BCC’s Head of Trade Policy, said: “UK firms exporting steel or aluminium goods to the US will be relieved that tariffs will not double today. They now at least have...
Read moreThe British Chambers of Commerce (BCC) has urged the Government to swiftly act to protect Britain’s domestic bioethanol industry. It follows warnings from the UK’s two largest producers that the removal of tariffs on US imports could leave them unable to compete. Vivergo Fuels in Hull and Ensus in...
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