economy
February 23, 2026
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.
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