Business, Forwarding, Freight News, Logistics


Tariffs set to change global trading landscape, says customs expert

[ April 9, 2025   //   ]

President Trump’s ‘Liberation Day’ tariffs could create a significant shift in the trade landscape which few are ready for, says Keiron Myall, managing director of Suffolk-based Customs Support Group (CSG).

He said that while the UK had got off relatively lightly with only a 10% tariff imposed on its exports to the US, the 25% charge on all automobiles entering the country would significantly affect its motor industry.

The EU meanwhile faces 20% tariffs, in addition to the 25% tariff on complete vehicles.

Myall said: “The American administration’s drive to tax foreign vehicles is to encourage US citizens to buy vehicles manufactured in the US. Although many volume brands now have some production stateside, it would take a long time to have enough manufacturing presence there to avoid the tariffs.

 “While protectionism can help local industries grow and preserve jobs, it can also lead to higher prices for consumers and potential trade conflicts with other countries. It is clear that companies engaged in international trade must act swiftly to assess the potential impact on their operations.”

CSG chief executive, John Wegman, added that many international companies lack full visibility into the duties they pay, as this data is often scattered across multiple customs brokers, systems and countries.

He said: “We also strongly advise companies to review their HS classifications to identify opportunities for duty optimisation and ensure they are fully leveraging existing free trade agreements. A strategic review of classifications and trade agreements could unlock significant cost savings and help businesses remain competitive in a shifting global trade environment.”

Tags: