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Report
How Trump’s Tariffs will impact the North East
National World - LocalTV
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17/04/2025
The North East Combined Authority have said that the North East will be less impacted than other areas of the North East.
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00:00
Councillors in the North East have been told that the region is for now relatively shielded
00:04
from the economic turmoil sparked by Donald Trump's sweep and trade tariffs on exports
00:08
to the United States.
00:09
The global economy has been left reeling by US President's protectionist policies.
00:14
Though Mr Trump has since softened some aspects of his stance, the UK remains subject to
00:18
a 10% tariff on all exports to the US, with higher charges of 25% imposed on key sectors,
00:24
including cars, steel and aluminium.
00:26
Despite these growing concerns, officials at the North East Combined Authority say that
00:30
the region's economy is currently less exposed than other areas in the UK, especially compared
00:35
to regions like the West Midlands, where carmaker Jaguar relies heavily on transatlantic trade.
00:41
Rob Hamlet, in Strategic Lead for Economic Growth and Regeneration for the North East Combined
00:46
Authority, told other members that while road vehicles and parts account for 30% of all
00:51
North East exports, only around 6% of the region's total exports are sent to the US.
00:57
We are less exposed than other parts of the UK, he said.
01:00
He added that many local firms currently feel relatively assured, though he warned that uncertainty
01:05
remains high, especially with the potential for further tariffs, including pharmaceutical
01:09
products, which are among the North East's top exports to America.
01:13
Colin Ferguson, leader of Newcastle's Liberal Democrats and chair of the NECA's scrutiny panel,
01:18
said,
01:18
I am conscious that the position we are in at the moment is that we have absolutely no idea
01:22
where America is going on this. Anyone who says they know the next move is probably bluffing.
01:28
Analysis from Think Tank Centre for City supports the idea that the North East is in a stronger
01:32
position than other parts of the UK. New data published last week shows that cities like
01:37
Coventry, Derby and Telfad are far more vulnerable to the US tariffs, with up to 22% of their exports
01:43
heading across the Atlantic.
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