How will President Trump’s global tariffs impact UK businesses?

Without doubt, 2nd April 2025 will be remembered for many months to come by businesses and Governments around the world, with President Trump’s decisions having a massive impact on global trade.

Economists are already predicting that these tariffs will increase consumer costs across the world and there is a high risk of a global recession.

The plan is simple – to increase costs for importing overseas products to encourage the manufacture of products within the United States. President Trump intends to remove the USA’s reliance on overseas imports and make it more self sufficient.

MHA’s Andrew Thurston explores further here.