UK entrepreneurs have sounded the alarm that Washington’s trade tariffs pose a direct threat to profits, prompting some to signal that they plan to halt operating in the US altogether, a new survey reveals.
The research, conducted by entrepreneur network Helm, showed that 64 per cent of its members believe the recent tariffs imposed by President Donald Trump will affect their bottom lines, with one in five considering reducing or ceasing their operations in the US.
According to the survey, 13 per cent said they were “extremely likely” to withdraw from the US market, signalling a potentially significant shift in how small businesses operate there.
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