By Rashmi Pandya, Macalvins’ COO
As President Donald Trump pushes ahead with his latest round of tariffs, businesses worldwide are bracing for impact.
For UK firms, this disruption presents a unique opportunity.
With Britain potentially exempt from the harshest duties while other nations face barriers, how can businesses turn this advantage into strategic growth?
What does this mean for companies already operating internationally, and how can others take steps to benefit?
Trump’s trade war – A change in global dynamics
The U.S. administration’s decision to impose tariffs on major economies, including China and the European Union, has rattled global markets.
While Mexico and Canada have managed to negotiate temporary relief, China faces 10 per cent import duties and has retaliated with tariffs of its own. The EU is also at risk, with Trump warning that levies on European goods “will definitely happen.”
Yet, the UK appears to be on a different trajectory. With a more balanced trade relationship with the U.S., Britain could sidestep the worst of these policies.
Trump has even suggested a trade deal with the UK could be “worked out.”
Are UK businesses ready to capitalise on this potential advantage?
How can they position themselves to take full advantage of these shifting global trade conditions?
A golden opportunity for UK firms
For UK businesses engaged in international trade, this is a moment to take stock.
If other countries struggle with tariffs while the UK enjoys relatively open access to the U.S., British companies could gain a competitive edge.
The UK’s service-driven economy, which is less exposed to tariffs than goods-based industries, provides further insulation from the fallout.
Could UK businesses use this moment to strengthen their foothold in the American market?
Could manufacturers benefit from becoming a more attractive supplier to U.S. firms seeking alternatives to Europe and China?
As trade routes shift, firms that act now could find themselves in a stronger position for years to come.
Key considerations for businesses looking to grow internationally
With these developments in mind, UK businesses should consider the following strategic actions:
- Reassess U.S. market potential – If tariffs hit competitors in China and the EU, is now the right time to focus on expansion in the U.S.? How can your business leverage the UK’s strong trade ties with America?
- Evaluate supply chain resilience – Could diversifying suppliers and logistics partners help your company adapt to potential shifts in trade routes and avoid reliance on regions affected by tariffs?
- Monitor regulatory changes – With trade agreements in flux, are you staying ahead of potential policy changes that could impact your industry?
International tax implications, shifting trade regulations, and currency fluctuations all need careful consideration.
Have you spoken to an accountant or trade specialist about optimising your international strategy?
Our team of international tax and business strategy experts can help you with these complex yet potentially rewarding changes.
Get in touch today to discuss how your business can take advantage of shifting global trade conditions and position itself for long-term success.