#export-decline

#export-decline

New figures from the Office for National Statistics show that the value of UK exports to the US fell by £500 million in September, an 11.4% drop month on month, taking trade back to levels last seen in January 2022. The ONS said exports have "remained relatively low since the introduction of tariffs in April", when the Trump administration imposed a 10% baseline tariff on most UK goods.

Economists credit US President Donald Trump's tariff campaign with reducing trade between Germany and the US, its top trading partner last year. China overtook the United States as Germany's largest trading partner during the first eight months of 2025, preliminary data from the German statistics office has shown. The data indicated that German imports and exports with China totalled $190.7bn (163.4 billion euros) from January to August, while trade with the US amounted to $189bn (162.8 billion euros), according to Reuters calculations.