(Feb 23): After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs. The UK will see the largest increase as a result, followed by Italy and Singapore, according to Global Trade Alert, while Brazil, China and India stand to benefit the most. UK officials are now anxiously trying to persuade the US administration to exempt it from the higher rate. Trump’s new tariff regime, imposed under Section 122 of the 1974 Trade Act, can apply for a maximum of 150 days unless Congress extends it. The UK has already expended significant diplomatic capital to extract preferential treatment from the White House.

Source: The Edge Markets February 22, 2026 22:58 UTC