According to our ALPS Marine analysis, annual UK car exports to the US are valued at £7.43 billion ($9.6 billion), which is 33% of all the UK car exports. The US is the second largest car export market for UK cars after the European Union. 

The introduction of tariffs is expected to have severe consequences for many leading car manufacturers including Jaguar Land Rover, Rolls-Royce, Nissan, Bentley and Aston Martin. 

Overall, the uncertainty surrounding global trade has impacted UK car and commercial production, which has declined by 11.6% in February according to new industry data. 

“The looming threat of tariffs poses a grave threat to a struggling UK car industry that has been unable to shift out of first gear for a few years now”, said Suki Basi, Russell Group's Managing Director. 

“Now throw into the mix, a loss of a large market in the US, and many in the industry may be forced to revise their business earnings, and may even require Government assistance. 

“2025 promises to be a year filled with uncertainty, with global trade patterns changing at the whims of new US executive orders. It is our belief that to navigate these rather uncertain times it is incumbent on boardroom decision makers, underwriters and corporate risk managers to leverage actionable insights such as ALPS Marine to understand their risks and opportunities.”