The UK government has temporarily suspended import tariffs on 89 products, including a variety of food and drink items.
The suspension covers products including pasta and fruit juices.
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In a statement, the UK government said that the move, effective until July 2027, could save UK businesses at least £17m ($22.5m) annually.
The cost savings could be passed on to consumers ahead of the summer season, “meaning lower food prices in supermarkets, restaurants and pubs”, the statement added.
UK Business and Trade Secretary Jonathan Reynolds said: “Free and open trade grows economies, lowers prices and helps businesses to sell to the world, which is why we are cutting tariffs on a range of products.
“From food to furniture, this will reduce the cost of everyday items for businesses, with savings hopefully passed onto consumers.”
These measures apply to goods not covered by existing free trade agreements, allowing companies to apply for tariff suspensions.
The move also covers food and drink items such as pine nuts, coconut oil and agave syrup.
UK Chancellor of the Exchequer Rachel Reeves said: “In a changing world we know families are anxious about the cost of living, and businesses uncertain about their future.
“That is why we have announced lower prices on imports of everyday essentials – helping businesses to thrive and pass on savings to customers.”
The news comes after US President Donald Trump authorised a 90-day pause on reciprocal tariffs for more than 75 nations, except China, while maintaining a 10% baseline tariff for all US imports, including those from the UK.
The UK’s move could help exporters to the country looking for other markets, given the US blanket tariff.
The UK government is negotiating new trade agreements with India, the Gulf Cooperation Council, South Korea and Switzerland.
