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Economy in brief: April 2025 look-back

Alpesh Paleja CBI Deputy Chief Economist

Your monthly guide to the UK economy, giving you a monthly overview of the major trends impacting the UK's main business sectors.

29 Apr 2025, 3 min read

April tariff showers…

April was the month that the tariff chickens came home to roost. US President Trump announced a raft of tariffs on the nation's trading partners, only to reverse and/or reinstate restrictions over subsequent days. Our recent note unpacks all announcements and their economic impact. In summary, a 10% "baseline" tariff on all US imports remains in place, with further "reciprocal" tariffs set to be imposed in July. The exception is China, which is facing much high

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