UK exports to US returned to growth in May as trade deal cut some key tariffs

UK exports to US returned to growth in May as trade deal cut some key tariffs

Goods exports rose by £300 million during the month, the Office for National Statistics revealed.

UK Trade Stabilises After Tariff Hit - Cambridgeshire Chambers of Commerce

Responding 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 per cent. Goods exports volumes also rose by 3.1 per cent, with 4.2 per cent growth to the EU, and 1.9 per cent to the rest of the world. “Goods exports to the US rose by £…

UK Trade Stabilises After Tariff Hit  - British Chambers of Commerce

Responding 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%. Goods exports volumes also rose by 3.1%, with 4.2% growth to the EU, and 1.9% to the rest of the world.  “Goods exports to the US rose by £0.3bn in May after a rol…