Since the Trump administration took office on 20 January 2025, the widely publicised shifts in US trade policies have left many UK exporters with a presence in the US market undoubtedly rattled. The root cause of the widespread concern primarily revolves around uncertainty regarding tariffs and duties, with many asking the same pressing question: “How is this going to affect my business?”
The 'America First' approach has the protection of US industry at its core. However, in its wake, it has also caused a ripple of disruption among key historical trade partners of the USA—none more apparent than the UK.
As a British exporter, you would naturally be concerned about the potential impact this could have on your business—especially after witnessing what has occurred with goods originating from Canada and Mexico. This raises the question: is the UK next?
However, there's room for optimism. With the UK now outside the EU, exporters have the opportunity to benefit from new, independent trade deals with the US specifically for the UK. Sector-specific agreements in industries such as automotive, agriculture, fashion, and pharmaceuticals could open promising opportunities.
To navigate this landscape effectively, you should:
- Consult Trade Advisors: Have a question but uncertain of the answer? Ask your Chamber of Commerce, which, which can offer valuable resources and networking opportunities to address your queries effectively and honestly.
- Explore Different Routes to Market: Investigate partnerships with experts who specialise in advising businesses on the best ways to enter the US market while remaining fully compliant.
The key is to remain agile and proactive; it has often been said that out of uncertainty comes great opportunity, offering optimism while maintaining a measured outlook. The US is a critical market for many UK exporters, and those who adapt and seize emerging opportunities will position their businesses for success. With the right strategies and resources, you can turn these trade changes into a competitive advantage.
Need help?
Email us at international@gmchamber.co.uk if you need to speak to our team of advisers and/or strategic partners who can help you navigate the ever-changing regulatory landscape.