Tariff upheaval leaves businesses and shoppers facing uncertainty
Following a Supreme Court ruling that blocked reciprocal tariffs, Trump invoked Section 122 of the Trade Act to impose a new 10% global tariff, later hinted to rise to 15%, creating widespread uncertainty for businesses and consumers as existing trade deals may be overridden, refunds for past levies remain unclear, and higher import costs could push prices higher, with UK exporters potentially facing billions in extra costs and firms considering diversification away from the US.
