Britain's factories experienced a sharp decline in export orders last month, largely attributed to Donald Trump's tariff regime. This led to the fastest drop in demand in five years, prompting rising economic uncertainties and consecutive job cuts within the sector. The S&P Global highlighted weak client confidence and trade uncertainties affecting the manufacturing index, which remains significantly under the growth threshold. Industry leaders cautioned that without government intervention, more extensive layoffs could ensue, particularly in the automotive and chemicals sectors, as tariffs continue to disrupt trade and escalate costs.
Manufacturers reported rising economic and trade uncertainties in April as some tariffs took effect and other threatened border taxes loomed, forcing them to lay off workers for a sixth consecutive month.
Senior executives from the UK's automotive, chemicals and energy sectors warned a committee of MPs to expect wide-scale job losses this summer if the US moves ahead with the paused border taxes.
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