Transatlantic shipping, for the purpose of this article, is the movement of goods between the UK and the US, and vice versa. From a US perspective, the UK is currently its 7th largest goods trading partner at a substantial $132.3 billion in total two-way goods trade. This is no small number, even considering the scale of the US economy.
The US is the UK’s largest export and import market for goods outside of the EU. China comes in at 2nd place (of non-EU markets) behind the US, which may be a surprise to some.
The Special Relationship
The widely known ‘Special Relationship’ between the US and UK is an unofficial term first used by the former British Prime Minister Winston Churchill, during a speech in 1946.…Continue reading