A third of small UK businesses fear losing up to £20,000 this year amid the uncertainty caused by Donald Trump’s new trade tariffs, a new report shows.
Across April and May, the US President announced - and then called a pause for - levies being placed on all goods imported to the US from other nations, as part of a plan to readdress trade balances. While the UK has since arranged a trade deal with the nation, many other countries or blocs have not done so and there remains uncertainty within some industries.
