US tariffs might impact UK SMEs more than you think

Trump’s back in office, and he's brought tariffs with him. And while it might sound like a US-China thing, UK businesses could feel the impact — even if you don’t trade directly with the US.

Let’s break it down.

What’s the deal with the tariffs?

Trump’s trade policy puts extra charges (tariffs) on goods coming into the US from countries like China, the EU — and yes, even the UK.
This includes everything from raw materials to everyday products.

Now that he’s back, these tariffs are expanding. That’s causing global supply chain shakeups and cost increases that could hit UK SMEs hard.

How could it affect your business?

Even if you never ship a parcel to the US, here’s what might come your way:

  • Higher costs – Materials and products could get more expensive
  • Delays – Global supply chains could slow down
  • More admin – Selling to the US? Expect extra paperwork
  • Retaliation – If the UK fights back with its own tariffs, importing from the US could cost more
  • Interest rates could be held – So borrowing money isn’t getting cheaper anytime soon

What can you do about it?

Here’s how to stay ahead of the curve:

Check your supply chain

Know where your stuff comes from. If any of it involves the US or China, plan ahead.

Look at other markets

Explore places where trade is a bit smoother — like the EU, Australia, or Canada.

Use trade tools

Freeports, customs warehousing, and trade agreements can help lower or delay costs.

Get your paperwork right

Make sure your product codes are accurate to avoid paying more than you should.

Stay informed

Keep an eye on updates and get advice from trade experts if you need it.

Good news?

There’s opportunity too. If you make niche, high-quality, or tariff-free goods, demand could rise. Plus, more buyers may start looking for UK-made options if imports get pricier.

Final word: Be ready, not reactive

Tariffs can be a pain, but they don’t have to throw you off course. A few smart moves now can save a lot of hassle later.

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