New York, United States – President Donald Trump’s recent unveiling of tariffs on countries worldwide has prompted concerns among businesses in the United Kingdom. With the UK facing a 10% tariff, companies exporting to the US are assessing the potential impact on their operations.
One such company is the Kilchoman distillery in Scotland, where Anthony Wills expresses his disappointment at the tariffs, calling it a significant blow to the industry. As a key player in the Scotch whisky market, which is valued at £971m annually, Wills is determined to maintain prices for American customers despite the challenges posed by the tariffs.
Denise Cole, the finance director of Tomoe Valve in Wales, echoes concerns about the impact of tariffs on their valve manufacturing business. However, she remains optimistic, noting that the specialized products they offer are not readily available in the US, potentially mitigating the impact of the tariffs on their operations.
Meanwhile, the automotive industry in the UK faces a new 25% import tax on cars entering the US, with concerns raised by companies like Barkley Plastics in Sutton Coldfield. Managing director Matt Harwood emphasizes the potential impact on the automotive supply chain, warning of job losses and business closures if demand continues to decline.
In Northern Ireland, Nomadic watchmaker Peter McAuley reflects on the implications of the tariffs on his export business, emphasizing the need to adapt to the changing trade environment. Despite uncertainties in the US market, McAuley remains confident in the future of trade relations between Northern Ireland and the US.
Overall, the implementation of tariffs by the US government has sparked mixed reactions among UK businesses, highlighting the challenges they face in navigating international trade dynamics and maintaining competitiveness in the global marketplace.