British manufacturers are confronting new challenges due to Donald Trump's reinstated steel and aluminium tariffs, which endanger around £2.7 billion of UK exports to the US. These tariffs impact not just raw materials, but also a variety of finished products. Analysis from the UK Trade Policy Observatory estimates approximately $3.43 billion of goods will be affected, prompting order cancellations and price hikes. Industries like aerospace, automotive, and luxury goods face significant strategic uncertainties, with companies like Charlie Oven grappling with whether to pass new costs to consumers or absorb them.
The new US tariffs on steel and aluminium threaten over £2.7 billion worth of UK exports, prompting cancellations and strategic questions for manufacturers.
The UK Trade Policy Observatory reveals that approximately $3.43 billion of goods exported from the UK to the US will face these new tariffs, impacting various sectors.
Manufacturers like Charlie Oven face pricing uncertainty due to the tariffs, raising questions about whether to pass costs to consumers or absorb them.
The aerospace sector is significantly affected, with military components seeing a large portion of exports facing tariffs, as suppliers worry about elevated costs.
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