Reflecting on a year of tariff uncertainty, BritishAmerican Business CEO Duncan Edwards said:

“One year on from ‘Liberation Day’, tariffs have added friction to transatlantic trade. Businesses have faced higher costs, disrupted supply chains, and the challenge of adjusting to shifting trade rules. 

“The past year has also made clear that tariffs are unlikely to be a passing disruption. Businesses should assume they will remain an enduring feature of US trade policy. Looking ahead, businesses should factor in the cost of tariffs as part of their exporting plans to the US and adjust accordingly, and assess whether exporting or manufacturing locally is their best option.  

“Despite the shifts in US trade policy, the transatlantic economic corridor remains resilient and the US remains amongst the most robust economies in the world. Trade flows have continued to rise over the past year, even in a more uncertain and complex environment.”