Fashion
UK trade weathers tariff shocks with agility and new deals: BCC
The second quarter of 2025 saw UK goods exports to the US fall 13 per cent year-on-year (YoY), hit by record-high tariffs and the removal of the $800 de minimis threshold, which even paused postal deliveries.
Despite this, UK firms remain resilient, as highlighted at the British Chambers of Commerce (BCC)’s Global Annual Conference session on Global Trade, chaired by Chris Heyes of the UK-India Business Council.
Speakers including Robert Begbie – CEO NatWest Commercial and Institutional, Gregor Poynton – Labour MP for Livingston and member of the House of Commons Business and Trade Select Committee, Jun Du – Professor of Economics at Aston University, and William Bain – BCC Head of Trade Policy, stressed that UK companies are adapting through agility and diversification.
Goods exports remain focused on the EU, the UK’s largest market, while Indo-Pacific ties are expanding rapidly, BCC said in a release.
The India-UK CETA, due in about a year, will slash over 90 per cent of India’s import duties, adding £4.8 billion (~$5.61 billion) to the UK economy and directly boosting exports. Membership of the CPTPP also unlocks growth from £31 billion in current goods exports to the bloc, while trade missions reinforce China’s role as a vital market.
Though 2025 has been turbulent, UK exporters are urged to diversify markets, seize new trade deals, and leverage services strength to turn uncertainty into opportunity.
UK exports to the US fell 13 per cent in Q2 2025 amid record tariffs and loss of the de minimis threshold.
Yet, UK firms remain resilient.
The upcoming India-UK CETA and CPTPP membership promise fresh opportunities.
Experts at the BCC conference urged exporters to adopt market diversification and leverage services strengths to navigate global trade headwinds.
Fibre2Fashion News Desk (HU)
On a year-on-year (YoY) basis, final demand prices climbed 3.4 per cent in the 12 months ended February, matching the largest annual increase recorded in February 2025. Margins for apparel, footwear, and accessories retailing declined by 4.5 per cent, BLS said in a press release.
US producer prices rose 0.7 per cent MoM in February 2026, with annual inflation at 3.4 per cent.
The increase was driven mainly by services, up 0.5 per cent, while goods prices climbed 1.1 per cent, led by energy.
Apparel retail margins fell 4.5 per cent.
The data signals broad-based wholesale inflation, with sustained pressure despite weakness in select consumer-facing segments.
The February rise was driven largely by services, which accounted for more than half of the overall increase. Prices for final demand services advanced 0.5 per cent, marking the third consecutive monthly gain. Within this category, prices for services excluding trade, transportation, and warehousing rose 0.6 per cent, contributing nearly three-fourths of the increase. Trade services and transportation and warehousing services also posted gains of 0.4 per cent and 0.5 per cent, respectively.
Meanwhile, prices for final demand goods rose 1.1 per cent in February, the steepest increase since August 2023. Energy prices also increased by 2.3 per cent, while prices for goods excluding food and energy registered a more modest rise of 0.3 per cent.
Fibre2Fashion News Desk (SG)
During the period, apparel imports declined by *.** per cent to **,***.*** million SME from **,***.*** million SME in ****. Imports of textiles (non-apparel) reached **,***.*** million SME in ****, marking a decline of *.** per cent compared with **,***.*** million SME in ****.
The import volume of cotton products fell by *.** per cent to **,***.*** million SME during the review period, compared with **,***.*** million SME a year earlier. Meanwhile, imports of man-made fibre (MMF) products decreased to **,***.*** million SME in ****, down from **,***.*** million SME in ****.
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