Tariffs Are On Hold. Your Strategy Shouldn’t Be

This article was produced by Grant Thornton, a member of IPFA. 

With US trade tariffs affecting almost every area of global trade, UK businesses must now plan for an increasingly uncertain future. The US administration has announced a 90-day pause on some tariffs, giving businesses crucial breathing room to figure out their next steps – even if a 10% tariff still remains in place for UK exports to the US.

A heightened tariff regime is already introducing volatility into global supply chains, disrupting pricing structures, and has triggered retaliatory tariffs from several nations that will affect UK exporters and multinationals operating internationally.

For British companies with exposure to US markets, or those reliant on globally integrated supply chains, this 90-day period presents a critical opportunity to develop a strategic plan. This article outlines the practical steps your business could take now to prepare for the future – whether tariffs are lifted, reduced, or return in a more disruptive form.

Please note: Clicking on external links will redirect you to an external website. External links are provided for informational purposes only; they do not constitute an endorsement or an approval by IPFA of any of the products, services or opinions of the organisation or individual. IPFA is not responsible for the accuracy, legality or content of the external site.