While the US tariffs imposed on the UK are effectively unchanged, other countries now have a better deal.

It has been a long road for President Donald Trump as he looks for a justification to erect a tariff wall around the US, including against key allies. From the opioid crisis to illegal migration, then the need to bring manufacturing back to America's shores, the list goes on. Through Trump's second term, there has been a new justification almost every month for the trade levies he is seeking to place on allies. Some have been overturned by the courts, others by economics and some even by their own logic. And so, Trump has now turned to effectively accusing dozens of trade partners of trading in goods that have been produced using forced labour. These are "tariffs in search of an authority", as one industry figure put it. The forced labour line shores up President Trump's tariffs against a challenge from Congress or the courts. In practice, the levies are curiously similar by country to a previous round of tariffs imposed supposedly for completely different reasons. The good news for the UK is that the regime effectively remains the same as before. What has changed is that our nearest neighbours in the European Union now have a much better deal than before, and in turn are in a better situation than the UK.