New Trump’s Latest Tariffs Over Greenland Creates Fear In UK

By Victor Idajili 

The new tariffs US President Donald Trump has threatened to impose on the UK over Greenland have created more fear and confusion among UK businesses.

Official data shows about 39,400 individual UK firms exported to the US in 2024.

The UK as a whole exported about £64bn worth of goods to the US in the year to June 2025 - about 17% of total goods exports over that period.

The largest categories of UK goods exported to the US were medicines and pharmaceuticals, external (£11bn), cars (about £10bn) and machinery (£5bn).

These are the sectors - and those who work in them - that are in the line of fire if these threatened 10% US tariffs (rising to 25% from June) are imposed.

What would happen to the US-UK trade agreement, external agreed last year under those circumstances is unclear.

Among other things, that agreement meant UK car manufacturers could export 100,000 vehicles a year to the US at a preferential 10% tariff rate.

It’s possible the deal would survive and these new tariffs would be imposed on top.

If the agreement unravelled, the US concessions granted, external to UK car, aerospace and steel exporters could end.