The UK expects to maintain its preferential trade status with the United States.

LootboxPhobia · 2026-02-20T16:54:10+00:00

The UK government stated that its preferential trade status with the United States is expected to continue after the U.S. Supreme Court overturned Trump's tariff decision. Despite facing a 10% baseline tariff, the government will work with the U.S. to understand the impact of the ruling on tariffs and provide support for businesses.

LootboxPhobia

2026-02-20 16:54:10

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Investing.com – The UK government announced on Friday that its preferential trade status with the United States is expected to continue following the U.S. Supreme Court’s ruling overturning President Donald Trump’s broad tariffs.

In April last year, Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal” tariffs on imports from most U.S. trading partners, including the UK. On Friday, the Supreme Court ruled that Trump’s use of IEEPA exceeded his authority.

Under the reciprocal tariff policy, the baseline tariff rate faced by the UK is 10%.

The Friday ruling will not affect most bilateral trade under the separate tariff agreement between the UK and Washington, which mainly involves specific sector tariffs implemented under different U.S. authorities.

A UK government spokesperson stated in a release: “The UK has the lowest reciprocal tariffs globally, and in any case, we expect our preferential trade status with the United States to continue.”

The spokesperson added: “We will work with the U.S. government to understand how this ruling will impact tariffs for the UK and other parts of the world.”

The spokesperson also said that the government will support UK businesses once further details are announced.

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