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Firms taking early action as they brace for impact from tariffs
Derby Telegraph
|June 04, 2025
MORE than three-quarters of UK businesses are worried about tariffs and global trade uncertainty and have already taken pre-emptive measures to offset disruption, according to a new survey.
The latest Barclays business prosperity report found that 79% of firms are concerned about the mounting global trade war sparked by US President Donald Trump's move to hike tariffs.
The poll of 1,000 micro, small and larger firms - which was conducted last month - revealed that nearly half (48%) have already begun changing their US operations or supply chains to help offset any possible hit.
It showed that 14% have already scaled back investment in the US market, with 15% pausing or cutting spend in America.
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