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Surprised that there is no thread about this.
It's not a topic that affects me per se, but I wonder whether the fellow UKBF members who do trade with the US are affected, and what they think?
If you're running a small business in the UK, especially one that trades internationally, you've probably encountered the word "tariff" at some point. But what does it mean, and should you be concerned about tariffs imposed by figures like Donald Trump in the US? Let's break it down in plain...
On April 2, 2025, U.S. President Donald Trump announced a 10% tariff on all imports from the United Kingdom, part of a broader initiative imposing varying tariffs on global trading partners. While the UK’s tariff rate is lower than the 20% imposed on the European Union, it still presents...