A recent survey by Helm revealed that 37% of British entrepreneurs are concerned about the potential financial impact of Donald Trump's proposed tariffs on goods. As the second-largest export market for the UK, worries revolve around increased operational costs and supply chain disruptions. However, 63% remain unconcerned due to either not trading in the US or primarily exporting services that are exempt. The sentiments reflect a divided outlook, with some seeing negotiation tactics and others identifying opportunities amidst uncertainty.
"While some fear rising costs and supply chain disruptions, others see potential opportunities as trade routes shift. The resilience and adaptability of UK entrepreneurs will be crucial in navigating these uncertainties."
"Trump's rhetoric is mostly bluff and bluster—something Canada and Mexico have learned to manage. Since services are excluded from these tariffs, we're confident they won't affect us directly, though the broader economic impact is still a concern."
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