Tariff rates on imports from U.S trade partners including the Falklands were dropped to 10% for 90 days on Wednesday. The Falklands was initially hit with a 42% tax on exported goods to the US last week as part of President Donald Trumps ‘reciprocal’ tariffs. Exports to the US from the Falklands primarily consists of frozen Toothfish, and according to the Observatory of Economic Complexity over £21 Million pounds worth of the fish was exported to the US market in 2023.