US EditionUK economy contracted sharply in April after Trump's tariffs with record export fall
- Britain's economic output contracted by 0.3% in April 2025, marking the largest monthly decline since October 2023.
- The contraction followed U.S. President Donald Trump's April announcement of broad tariffs, which created uncertainty and hit U.K. exports sharply.
- Exports to the U.S. fell across most goods, while domestic tax rises and the end of a temporary property tax break also depressed economic activity.
- Chancellor Rachel Reeves described the latest data as 'clearly disappointing' and noted tariffs led to weakening production and exports in April.
- Despite 0.7% growth in Q1 and a revised 1% forecast for 2025, the economics ministry expects ongoing headwinds from tariffs and domestic costs to slow growth.
85 Articles
85 Articles
April was a bad time for Britain’s economy. Trump’s tariffs are a big reason why
By Anna Cooban, CNN London (CNN) — Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount. Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March
UK economy shrank in April as tariffs, tax hike kicked in
LONDON, United Kingdom — Britain’s economy shrank more than expected in April, official data showed Thursday, in the first month of the Labour government’s business tax hike and US President Donald Trump’s reciprocal tariffs onslaught. Gross domestic product contracted 0.3 percent in the month, compared with 0.2 percent growth in March, the Office for National Statistics said in a statement. That falls below the 0.1 percent contraction expected …
InsideNoVA.com
UK economy shrinks in April as US tariffs kick in
Britain's economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to President Donald Trump's tariffs, official data showed Thursday.
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