Business groups warned that Donald Trump Tariffs It will have a “devastating” impact on the company in the UK that is already grappling with sex.
Experts It has also been warned of multiple turbulence in financial markets such as investors react to deleting measures affect global trade.
Mr. Trump has confirmed a 10% tariff We have been imposed on our imports in the UK – the same level as a global “basic”, placed countries around the world.
Meanwhile, for steel, aluminum and cars confirmed 25% import imports.
The Federation of small enterprises (FSB) He warned that the move would invest a “large blow” to small and medium enterprises, which are already facing poor growth at home.
Currently, 59% of the exporters of small British sells on the US market, FSB said.
“Tariffs will cause unexcused damage to small businesses trying to trade their way while the domestic economy remains straight,” Tina McKenzie said, saying Tina McKenzie, an advertising chairman of the FSB.
“The relegation will suffocate, hurting opportunities and put a serious indentation into the global economy.
“United Kingdom Government It should now be ready to provide an ambulance to any small and medium enterprises at the risk of collapse. “
Influential business group, the Confederation of the British industry (CBI), he said the announcements are “Deeply concerned” for companies and are likely to have consequences around the world.
Rain Newton-Smith, CBI CEO, said “cool and peaceful reaction from Government of Great Britain Is the right answer “, adding:” UK firms should measure and proportional access that avoids additional escalation.
“It will only be added to the supply chain disorder, slow down investment and stand volatility in prices.”
Other experts suggested that companies in the UK would be forced to export to the United States to rehearse their trade bans the world’s largest economy.
Emma Rowland, Trade Policies Advisor on Institute for DirectoriesHe said: “The United Kingdom is the largest only trading partner and an important export market for the UK industry, especially cars, pharmaceuticals, chemicals and whiskey.
“Exporters in the United States will be forced to review US Sustainability as a destination for their goods and as a location chain.
“Alternatively, maybe they can reduce their profit margins to stay competitive.”
Meanwhile, analysts said that the full range of tariffs caused fresh concerns in financial markets.
Susannah Streamer, the boss of money and markets for Hargreaves LansdownHe said, “As the threats turned into facts, a plan for covering tariffs on U.S. trade partners have incredible investors.”
Futures Trading – which indicates stock movements before open markets – for the US S & P 500 index fell 1.7% on Wednesday evening.
The US dollar also weakened to a kilogram and euro.
But the United Kingdom may have been spared some pain facing other countries, Mr. Smerler proposed.
“The Great Britain’s mother was engaged in a better hand compared to some nations, but considering that it was so intertwined with the global economy, the withdrawal of growth seems inevitable,” she said.
“The government takes a pragmatic approach and hopes for a trade agreement, which can mitigate more tariff loads, but the outcome is uncertain.”