UK food and drink exports fall as US tariffs and Brexit trade friction bites – business live

Rolling coverage of the latest economic and financial news The FDF also report that the UK’s food and drink export surplus with the US has fallen by over 69% – from £359m to £110m in Q1 2026. This was driven by the 27.9% drop in UK exports to the US, and also by a 11.5% rise in US food and drink exports into Britain. The US are also set to benefit from proposed tariff suspensions announced by the UK government this year, which would make it cheaper for US businesses to export products like chocolate, biscuits, jams and spreads to the UK, while UK manufacturers face higher costs sending product

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