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UK Exports to US Slump After Trump Tariffs, Pressuring Trade Balance

BY MT Newswires | ECONOMIC | 07:28 PM EDT

07:28 PM EDT, 05/01/2026 (MT Newswires) -- UK goods exports to the US have fallen sharply since President Donald Trump's "liberation day" tariffs, dropping about 25% and remaining subdued, Bloomberg reported on Friday, citing official data.

Exports excluding precious metals declined by 1.5 billion pounds, or 24.7%, according to the Office for National Statistics, with car shipments also slipping below pre-tariff levels over the past year.

At the same time, UK imports from the US have risen in early 2026, resulting in a trade deficit with the country's largest trading partner for three consecutive months.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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