UK's growth rate in US exports is 1.7 times higher than to the EU since the Referendum

And that was WITHOUT a trade deal – Now Brexit Britain has jumped to ‘the head of the queue’

Montage © Facts4EU.Org 2025

UK’s biggest US export (cars) to have 10% tariff compared to 27.5% tariff on EU cars

Yesterday Brexit Britain jumped to the front of the queue and secured the Trump administration’s first trade understanding, with a huge financial advantage being delivered to UK car manufacturers compared to their EU competitors.

The agreement reached yesterday is still short on detail and a document was only released by the White House last night which extended on some of what was said in the Oval Office press conference. Facts4EU has studied this document, entitled “General Terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal”.

The UK secured a huge drop in tariffs on its biggest ticket item – CARS

While we wait for the detailed negotiations now to begin in earnest, there was one ‘big win’ already announced and it was for the most important group the UK exports to the US: cars. Below, Facts4EU has analysed the Top 20 export product groupings in 2024 and easily the most important is the automotive sector. Cars alone account for 15.3% of total UK exports to the US by value.

Brexit Facts4EU.Org Summary

Tariffs will now drop far below those being imposed on EU cars exported to the States

UK cars : 10% tariff
EU cars : 27.5% tariff

© Brexit Facts4EU.Org 2025 - click to enlarge
[Source(s) : Office for National Statistics, latest trade figures for 2024.]

The UK’s Top 20 product groups exported to Trump’s USA

© Brexit Facts4EU.Org 2025 - click to enlarge
[Source(s) : Office for National Statistics, latest trade figures for 2024.]

UK's growth rate in US exports is 1.7 times higher than to the EU since the Referendum

The US is not only the UK’s biggest export market by far, but the UK’s exports have grown at a rate 1.74 times higher than to the rate of those to the EU since 2016 when the EU Referendum took place.

Using the latest official trade figures for goods and services to the end of last year (2024), Facts4EU has analysed the growth in its export markets. Our chart below clearly shows that even without a trade deal, UK export growth rate has been much faster in the US than in the EU.

Brexit Facts4EU.Org Summary

UK’s export growth since the EU Referendum – the US compared to the EU

© Brexit Facts4EU.Org 2025 - click to enlarge
[Source(s) : Office for National Statistics, latest trade figures, 2016-2024.]

In a moment we will bring you President Obama on video, interfering in the UK's Referendum

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Obama goes to ‘the back of the queue’

Few will forget the threat made by the pro-EU globalist, President Obama, in London with a beaming David Cameron alongside him, as he announced that the UK would go “to the back of the queue” for trade deals if the British people voted to leave the European Union.

If readers can bear to watch, here is the man himself, brought over to London and clearly encouraged by our then Prime Minister to threaten the UK with consequences if the public voted to leave the European Union. Naturally Obama dressed it up, but it amounted to the US President interfering in the domestic politics of the United Kingdom.

Yesterday President Trump could not have made it clearer that Brexit Britain had jumped to the head of the queue for a trade deal and the reason was Brexit.

Observations

Yesterday’s hastily-arranged press conference in the Oval Office was full of excitement and enthusiasm. It must be said, however, the while it was long on rhetoric it was certainly short on detail. The Facts4EU team scanned all available government sources on both sides of the Atlantic, from the White House and the Bureau of Economic Analysis in the US to No.10 and the Dept for Business and Trade in the UK, in vain.

It was not until late last night that the first document appeared which had any substance, and even that is still at an outline stage. At least we were able to confirm one very important detail, however.

The UK’s No.1 export to the US – cars – will have tariffs slashed from 27.5% to 10%. Whilst it would be preferable to move to as many zero tariffs as possible, (as in the deal the UK has just struck with India), this is a good start. It has the added advantage of putting the UK automotive sector streets ahead of its rivals in the EU who will still be subject to the stiff 27.5% penalty. This will be crippling for the German car industry in particular if it continues, as that sector is already contracting.

The overall feeling that many Brexiteers will have got from yesterday, of course, is one of vindication. Far from the UK’s exports ‘falling off a cliff’ as had been threatened by the government and Establishment figures, Brexit Britain is now poised to build on the trade successes it has already had such as the CPTPP, and grow globally even faster.

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[ Sources: White House | No.10 | ONS | BEA ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Fri 09 May 2025

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Reader Comments 24

1. Ashley Great Britain , Friday, May 09, 2025, 06:24:

Very good news. Now they need to bring the mutual tariffs down much further.
Cameron shouldn't have been smiling when those comments were made, now I suppose he's frowning. The EU certainly won't like Brexit Britain benefiting more than them. Starmer needs to watch out when he makes his EU visit.
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Interesting that in the middle of the export list we have crude oil, we barely produce any and the US has lots.

2. Sparky , Friday, May 09, 2025, 06:30:

The graph above demonstrates the economic damage caused by Brexit.
.
The graph shows that UK exports to US have followed the same trajectory over the last 9 years with a dip during Covid.
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Whilst exports to the EU have leveled off since 2021 and leaving the EU.

3. Jim , Friday, May 09, 2025, 07:26:

Laughable.
The only entity suffering since Brexit is EU. Both CEBR and IMF say UK GDP will race ahead of all major EU nations for the next 15 years.
Brexit Britain will prosper outside of globally dying EU. India's GDP alone will outstrip the entire EU in the near future. EU share of global GDP will be a paltry 5% by 2050, whilst Asia/Pacific will be around 60%.
The UK is going where the money is. PS, enjoy your EU decline.

4. LuxuryBalloon , Friday, May 09, 2025, 10:33:

Wow, who would have thought EU-loving Starmer is using the Brexit freedoms to deliver the promised trade deals with India and the USA. These trade deals will bring back much needed jobs to the UK. Brexit is Making Britain Great Again!

5. Sparky , Saturday, May 10, 2025, 05:36:

3 J. The collapse of the EU has been predicted for well over 15 years, enjoy the wait.
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The CEBR report you've mentioned was published in Dec 2024. There were economic predictions in Dec 19 then we had Covid, in Dec 21 then we had Ukraine. Now Dec 24 which was followed by Trump Tariffs. It is difficult to predict 3 years ahead never mind 15.

6. Gazzablack , Saturday, May 10, 2025, 07:13:

5, sparkless
.
And yet remainiacs predicted that the UK economy would implode over Brexit, and you agreed.

7. Gazzablack , Saturday, May 10, 2025, 07:44:

There's been a damning statement from the IMF on the lie that is the "frictionless" trade inside the EU single market.
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Non tariff internal barriers with an equivalent effect of a massive tariff.
.
Goods trade. - 44%
Services trade. - 110%
.
We were PAYING to access this

8. LuxuryBalloon , Saturday, May 10, 2025, 12:22:

6 Gazza ‘ remainiacs predicted that the UK economy would implode over Brexit’ … I agree: the UK has not returned to the Stone Age following Brexit. But our national debt has increased from 80% in 2016 to 100% of GDP in 2024. Our GDP/capita has continued the pre-Brexit downwards trend. Due to Brexit trade rules, 16,400 businesses stopped exporting to the EU. We have witnessed a £27 billion drop in goods exported to the EU in 2022 alone. Taxes have gone up. Benefits have gone down (except the state pension). Local authorities are now spending 65% of their budgets on increasing costs for adult social care and children special education. Most people feel poorer since Brexit … not better off.

9. Sparky , Saturday, May 10, 2025, 14:11:

6 G. The worst predictions which you’re keen to quote were based on a “no deal” scenario and no action being taken. After the Brexit vote the value of the pound fell by 10% and the BoE issued more QE to soften any impact. Since 2016 investment has flatlined due to the uncertainty of Brexit and growth has been in the doldrums. “Best for Britain” keep a nice tracker of the cost of Brexit you’ll enjoy reading. Alternatively YouGov report early this shows how high “Bregret” has got.

10. NH , Saturday, May 10, 2025, 14:21:

8. LB
Have you not heard of Covid / Lockdowns ? Have you not looked at the increase in EU debt after Covid or the fact that it's still increasing rapidly ? Are you not aware of the impact of importing low paid workers on GDP / capita, which was a Government decision.
.
The report you are referring to was produced by the LSE. A University that benefitted hugely from EU students which were heavily subsidised by the UK public. They ignore the fact that each year in the UK over 300,000 businesses close down and over 300,000 new businesses are created. According to official Gov sources the number of UK exporting companies has increased since Brexit. Taxes have increased to pay for increased debt, public sector pay rises, immigration and the welfare bill which has increased significantly.
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Local authorities are only spending 65% of their budget if you ignore costs such as policing, education and the environment. The true figure is usually less than 30%. If you believe UK aging was caused by Brexit and people in the EU do not age then that's an interesting theory.
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If you believe that EU membership has given their citizens immunity to viruses, low debts, immortality and exclusions from trade wars, you need to look at the figures again.

24 comments, page 1 of 3

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