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UK retailers respond to Trump tariffs: 'The timing couldn't be worse'

Summary by City AM

Retail bodies and tax advisers have warned that Trump’s tariffs come at a dire time for UK retail, saying price rises are “inevitable”. US President Donald Trump announced a 10 per cent tariff on goods from the UK on 2 April, and a range of higher tariffs on many of the countries retailers manufacture goods in. “The tariffs announced by President Trump this week would in themselves be a blow to the retail industry, but the timing couldn’t be wor…

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Tariffs and the UK retail market: navigating the impact on returns

As global trade regulations continue to shift constantly, the UK retail sector faces a new wave of challenges, particularly with the evolving impact of tariffs on cross-border commerce. These changes are not just increasing the cost of goods sold but also complicating the way returns are managed. For UK retailers, the evolving tariff landscape presents both new obstacles and opportunities to reassess business practices, particularly when it come…

16 hours ago

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