A new survey by the British Chambers of Commerce (BCC) Insights Unit highlights growing concerns among UK businesses about potential US tariffs. The research, conducted between January 20 and February 7, surveyed over 1,000 firms, including more than 250 manufacturing exporters.
While the US had imposed tariffs on Chinese goods and announced plans for levies on Canada and Mexico during this period, no new charges had been placed on UK imports. Despite this, 10% of all businesses surveyed believe US tariffs would have a significant impact, with around 22% expecting a slight impact. Among manufacturing exporters—the most vulnerable sector—28% anticipate significant disruptions, while 34% foresee a minor effect.
Trade policy experts warn that the global tariff landscape is shifting, requiring a measured response from UK policymakers. With tariff quotas set to expire in a month, businesses are urging the government to adopt a flexible approach while avoiding unnecessary retaliatory measures.
Despite the uncertainty, analysts point to the UK’s strong trade relationship with the US, particularly in services, which remain unaffected by tariffs. However, businesses could face broader economic disruptions if global trade tensions escalate. Companies are advised to monitor shifting trade patterns, particularly in sectors like textiles and footwear, and remain vigilant against unfair trading practices.
