Donald Trump's tariffs arriving soon, here's why UK should be worried
Donald Trump has recently announced after becoming the US President that his plans of imposing tariffs on countries that ship products to the US. He had primarily announced that this decision of Trump tariffs would imply on China, Canada and Mexico for starers, ad more countries would eventually be added to this list.
Budget with ET
Budget 2025: A CFO’s playbook for operational excellence and long-term growth
Rising Bharat may need to take center stage for India’s game-changing plans
Will Indian Railways accelerate to global standards with govt’s budgetary allocation?
Trump tariffs troubling UK business owners
However, some are urging that UK should be kept out of the tariff imposition since the US has no goods trade deficit with the UK. The goods trade deficit scenario typically arises when a country imports more than it exports, according to a BBC report.
The concept of higher tariffs on products sold in the US is becoming a major headache fo UK-based business owners as well as political leaders, since it will become increasingly difficult to maintain their consumer base in the US and keep up its profitability in its American part of the business.
Trump's mantra for US employment
Trump is currently rigid o the fact that business owners can either produce their goods in the United States and sell them accordingly, or face the wrath of high tariffs if they export it to the US by manufacturing it elsewhere. This is the best possible scenario, according to the new US President, to save the American local businesses and
Read more on economictimes.indiatimes.com
