[Levin]

https://www.taxresearch.org.uk/Blog/2025...get-worse/

[Levin]

What we do know is:

• The 10 per cent tariff Trump imposed in April remains in place
  
• Tariffs are reduced on steel, aluminium and cars.
  
• The UK has to accept US beef, ethanol and other products.
  
• We may have increased US access to the NHS and other public services.
  

So, we can conclude:

• The UK gave away a lot to avoid a threat of tariffs on British-made luxury cars.
  
• So far, we have avoided giving away Digital Services Tax revenues, but it seems likely that is still on the table.
  
• It is likely that the competitive position of UK-based suppliers to the UK government has been harmed.
  
• The protection of British agriculture and the quality of our food has been undermined.
  

And all that to leave us in a worse position than we were in on 1 April.