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The Impact of US Tariffs on UK Supply Chains: What You Need to Know

Oxford College of Procurement and Supply

As of 2023, the US was the UKs largest single export market, accounting for approximately 21.7% of total UK exports, valued at 186.7 UK businesses that rely on exporting to the US or importing US goods will face increased costs. billion (ONS, 2024). Conversely, the UK imported goods and services worth 115.4 of total UK imports.