A third of UK exporters suffering from US tariffs
|The latest ONS data from the Business Insights and Conditions Survey (BICS) shows that in late July 2025, nearly a third (32%) of businesses with 10 or more employees that had exported goods in the last 12 months reported they were impacted by US tariffs in the last month with the most-reported impact being businesses experiencing additional costs (18%).
In late July 2025, 31% of businesses with 10 or more employees that had exported goods in the last 12 months reported they expect to be impacted by US tariffs in the next month; the most-reported expected impact was having to pass on additional costs to customers (13%).
Samuel Edwards, Head of Dealing at global financial services firm Ebury, said: “It is evident that the trade disruption caused by the US administration’s tariff policy are causing a ripple effect for UK exporters and importers.
Despite the UK’s early success in reaching positive agreements with the US, it is still operating in a far more onerous tariff regime compared to a year ago while uncertainty over the future path of tariffs, particularly for certain goods, lingers.
This is inevitably driving up costs for these businesses who must balance absorbing the costs themselves or passing on costs to customers in a precarious economic climate.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.