When President Trump stunned governments around the world with high tariffs, Britain was quick to strike a trade agreement with the United States that would lock in 10 percent duties on most imports while protecting key industries. The country’s fast action appeared prudent as other deals emerged, especially one that left the European Union facing a steeper tariff rate of 15 percent on most products. But a deep dive into the agreements suggests that the trade math is more complex. As Mr. Trump tears up the rulebook for global trade, across-the-board rates are just a starting point. Nations face tariff rates that vary by product, complicating how governments, importers and businesses operate.

Source: The Times September 15, 2025 04:17 UTC