UK biz leaders warn of global fallout from new US tariffs on exports
UK business leaders have warned of serious global economic fallout after the US imposed a 10 per cent tariff on all UK exports. The BCC and CBI urged the UK Government to stay calm, avoid retaliation, and continue negotiations. They highlighted risks to global demand, trade diversion, and supply chains, while calling for support for SMEs and exploration of alternative markets to reduce exposure.
UK business leaders have warned of serious global economic fallout after the US imposed a 10 per cent tariff on all UK exports.
The BCC and CBI urged the UK Government to stay calm, avoid retaliation, and continue negotiations.
They highlighted risks to global demand, trade diversion, and supply chains, while calling for support for SMEs and exploration of alternative markets to reduce exposure.
