A Helm survey indicates that two-thirds of British entrepreneurs believe Donald Trump's potential second term as U.S. president would be good for business. They are optimistic, largely due to Trump's pro-business practices from his first term, including tax cuts and deregulation. However, over a third express concerns about potential tariffs and the risks of a trade war, which could lead to recession and increased inflation. The business community remains divided but hopeful, weighing the growth opportunities against concerns of market unpredictability.
Two-thirds of British entrepreneurs believe Donald Trump's second term as US president will be good for business, citing optimism amid concerns over trade tariffs and market volatility.
Helm represents £8 billion in British business, with the average revenue of each member firm standing at around £21 million. Many see Trump's pro-business stance illustrated by corporate tax cuts and deregulation during his first term.
Andreas Adamides, CEO of Helm, noted the optimism but acknowledged the unpredictability, saying: "Our members are sharply divided on the broader implications of Trump's presidency. What stands out is that two-thirds are optimistic about its potential impact on their businesses."
David Atkinson warns that while there may be a short-term lift in the economy due to Trump's policies, it is not a good thing in the longer term.
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