UK businesses brace for fallout as US imposes 10% tariffs: Survey
Sixty-two per cent of UK firms trading with the US anticipate negative effects from newly imposed US tariffs; 20 per cent foresee significant harm, while 42 per cent expect some detriment, according to a survey by BCC. In response, 15 per cent plan to seek alternative suppliers, 13 per cent intend to absorb additional costs, and 36 per cent will take no immediate action.
Sixty-two per cent of UK firms trading with the US anticipate negative effects from newly imposed US tariffs; 20 per cent foresee significant harm, while 42 per cent expect some detriment, according to a survey by BCC.
In response, 15 per cent plan to seek alternative suppliers, 13 per cent intend to absorb additional costs, and 36 per cent will take no immediate action.
