In the past week, several significant developments have emerged that are poised to impact UK exporters and importers. Below is a summary of the five key International Trade news items:
1. HMRC Updates Resources for Moving Goods from Great Britain to Northern Ireland
HM Revenue & Customs (HMRC) has updated resources to help businesses prepare for Windsor Framework changes, effective 31 March 2025. These materials include guidance on moving goods from Great Britain to Northern Ireland, fact sheets on business-to-business parcel movements, and webinars for businesses and hauliers. The resources provide clear instructions on compliance and procedural updates to support a smooth transition. Businesses should use these tools to ensure they are ready for the implementation date.
Communications resources to help you move goods from Great Britain to Northern Ireland – GOV.UK
2. Unintentional Export of Aircraft Parts to Russia
Investigations revealed that over 100 Western companies, including British firms, inadvertently exported aircraft parts to India. These parts were later redirected to Russia. From January 2023 to September 2024, shipments worth over $50 million, including generators and cockpit displays, reached Russian airlines with defense sector links. Although the companies did not intentionally breach export restrictions, Indian intermediaries facilitated the transfers. The UK government has issued guidance urging businesses to exercise due diligence. Some Indian intermediaries have been sanctioned by the US for their roles. Major firms, like Boeing, have stopped dealings with these intermediaries following sanctions.
3. Challenges for UK Marketplace Sellers Due to New US Import Rules
UK sellers on platforms like eBay and Amazon face potential sales declines due to new US import regulations introduced by President Donald Trump. The new rules impose tariffs of up to 25% on parcels from or made in China, affecting both small sellers and large retailers. The removal of the exemption for parcels under $800 increases financial and administrative burdens on UK businesses using Chinese manufacturing. These changes could reduce the competitiveness of UK products in the US, pushing companies to explore alternative manufacturing locations or revise market strategies.
4. UK Considers Tariffs Amid Potential US Trade Dispute
The UK government is contemplating imposing tariffs on American products if British steel and aluminum are not exempted from the 25% tariffs reinstated by President Donald Trump. Business and Trade Secretary Jonathan Reynolds indicated that potential targets for these tariffs include products such as whisky, jeans, and motorcycles. Previously, a March 2022 agreement with the Biden administration had suspended tariffs on these goods, allowing tariff-free access for British metals into the US. With UK steel exports to the US valued at approximately £400 million, the government is keen to avoid an escalation in trade disputes. Prime Minister Sir Keir Starmer plans to visit the White House to advocate for the exemption of these tariffs.
5. UK Accelerates £2.5 Billion Investment in Steel Industry
In response to the recent imposition of 25% tariffs on steel and aluminum imports by the US, the UK government has expedited plans to invest £2.5 billion into its domestic steel industry. Business Secretary Jonathan Reynolds announced the forthcoming “Plan for Steel,” aiming to bolster economic growth and mitigate the adverse effects of the US tariffs. The UK exports approximately 209,000 tonnes of steel to the US annually, making it a significant market for British steel producers. The investment strategy includes co-financing innovative projects and addressing long-term challenges such as high energy costs and the need for sustainable production methods. Industry leaders emphasize the urgency of these measures to ensure the resilience and competitiveness of the UK’s steel sector.
These developments in international trade news underscore the dynamic landscape in which UK exporters and importers operate, highlighting the importance of staying informed and adaptable to regulatory and market changes. For further support, Exporter Services can help you to navigate any issues through a range of operational support services or training. Click the links below for more information:
Operational Support Services: Export Consultancy – Exporter Services
Training: Import Export Training Courses UK – Exporter Services
