Donald Trump's potential second term is set to reinforce 'Trumponomics' characterized by protectionism and deregulation, posing challenges for UK SMEs in the US market. Increased tariffs and a focus on domestic priorities may hinder competitiveness for UK exporters. Nevertheless, these challenges might encourage the UK to forge new trade partnerships beyond the US and China. SMEs will need to stay informed on trade negotiations and adjust strategies accordingly. On the flip side, potential tax cuts in the US could benefit British companies operational stateside, necessitating agile financial planning.
Trump's second term could redefine economic policy with 'Trumponomics,' emphasizing protectionism and deregulation, which will complicate the landscape for UK SMEs in the US.
UK SMEs face potential hurdles from increased tariffs and regulatory complexities under Trump's 'America First' agenda, but new trade opportunities may also arise with other nations.
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