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Stuart Mack

11/07/2017

Trump’s UK-US trade deal, Implications for UK businesses

The United States and the UK reached a significant new trade agreement, described by President Donald Trump as a ‘breakthrough’ which was echoed by Sir Keir Starmer as an important milestone in strengthening transatlantic economic relationships. The deal addresses critical sectors and introduces notable tariff adjustments aimed at enhancing trade flows between the two nations.

Trump’s tariffs – implications for UK SMEs in 2025

On 2 April 2025 US president Donald Trump, enacted tariffs that could have introduced significant challenges for UK small and medium -sized enterprises (SMEs). These measures include a universal 10% tariff on all imports into the US, with higher reciprocal tariffs, ranging from 11% to 50% targeting countries with substantial trade deficits with the US including the UK.

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The ‘Statement of Recommended Practice: Accounting and Reporting by Charities’ (‘the SORP’) ensures consistency and transparency across the sector, making charity accounts comparable, understandable and useful for donors, beneficiaries, and the public alike. It has been updated following an extensive development process informed by the views of engagement partners and a sector specific SORP Committee.