The government’s response to Donald Trump’s 10% tariffs on all UK exports to the US should be in the best interest of the UK.
The most important issue is the UK government remains steadfast in its negotiations with Trump’s team and that a trade war is avoided.
Babs Murphy, chief executive of NWL Chamber, said: “The Government has demonstrated commendable composure thus far, and it is crucial that they maintain this approach as negotiations progress. Securing the best possible deal for the UK should remain a priority.
“However, the repercussions of these decisions will be felt widely. There is a heightened risk of trade diversion, which could disrupt business communities globally.
“We anticipate a decline in orders, an increase in prices, and a general weakening of global economic demand. This situation is detrimental for all parties involved.
“It is essential that the government remains steadfast in its negotiations. Tariffs can be lifted at any moment, and the US has indicated a willingness to engage in discussions with us.”
