UK companies seek deeper ties with Europe as Trump tariffs fuel uncertainty, business groups say
U.S. President Donald Trump's latest tariffs measures have thrust British businesses into fresh uncertainty.
TL;DR
- British companies are looking to deepen trade ties with Europe due to uncertainty caused by U.S. tariffs.
- New tariffs are expected to increase the cost of U.K. exports to the U.S. by billions of pounds.
- Businesses are exploring trade with the EU and Indo-Pacific regions for more predictable partnerships.
- U.S. trade policy is seen as increasingly unpredictable, prompting diversification of supply chains.
- Sectors like food and drink, clothing, footwear, and electrical goods are identified as most impacted.