The introduction of tariffs by the US creates one thing that most UK businesses are likely to agree on – uncertainty.
For many UK businesses, having to deal with the uncertainties created by Brexit, then Covid and then the Russia/Ukraine conflict has required a planning for the worst but hoping for the best approach. But with uncertainty about whether/which countries will retaliate to the imposition of any tariffs, how is it possible to contingency plan to protect a business and the position of its directors in an everchanging landscape?
We have set out in the attached insight some of the key considerations that all businesses should be thinking about now.
