British manufacturers are retreating from the US market as a consequence of trade uncertainties and punitive tariffs established during Trump’s presidency. Make UK's latest survey indicates the US is no longer a top target for UK manufacturers, with only 4% planning to invest in the US. The current economic environment is exacerbated by rising energy costs and inflation, prompting make UK to revise growth forecasts downward. The outlook shows a contraction in UK manufacturing, highlighting a significant shift in confidence and sentiment within the sector.
Manufacturers are facing a gathering storm of huge uncertainty in one of their major markets, a skills crisis and eye-watering energy costs which are providing a harsh reality for many.
The stark shift in sentiment reflects deepening concern across the sector that American trade policies are damaging long-standing transatlantic commercial ties.
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