Eight in ten businesses concerned about tariffs and global trade - Credit Connect

Exporters adapt to tariffs

Exporters are taking new approaches to spread risk and rethinking strategies in reaction to the unpredictability tariffs have brought to global trade. After managing through the pandemic earlier this decade they are now seeking to out new markets, adjusting logistics, passing logistical responsibilities to suppliers and changing shipping routes. As the uncertainty continues exporters are also concerned about the financial pinch as shown by data …

Eight in ten businesses concerned about tariffs and global trade - Credit Connect

Nearly eight in ten (79 per cent) of UK businesses are concerned about tariffs and global trade uncertainty, prompting many to take pre-emptive measures, according to new research by Barclays. UK businesses remain confident about their own prosperity (86 per cent over the next three to five years). This uncertainty has resulted in UK firms taking proactive steps to diversify international trade and build resilient supply chains, whilst looking t…