04-04-2025
Dorset Chamber reacts to 'incredibly disappointing' new US tariffs
The Dorset Chamber has reacted to the news of a ten per cent tariff on all UK exports to the USA.
The chamber's chief executive, Ian Girling, said this would be "incredibly disappointing" for businesses in the county who export to America.
He said: "It is a lose-lose situation for everyone in the UK, US and world.
"No one will escape the fallout with knock-on effects throughout the supply chain and global economy."
READ MORE: US tariffs against dozens of nations draw dismay with calls for negotiations
However, Mr Girling encouraged businesses to "remain calm" and trust the British government's negotiations with the USA.
He added that the tariffs can be lifted at any time, depending on the outcome of the negotiations.
He suggested that businesses start talking to their American customers about the impact of the tariffs, with the possibility of making new agreements.
Businesses are advised to look into alternative markets, particularly in the EU and countries within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Mr Girling also mentioned the help available from the British Business Bank's Growth Guarantee scheme, which could assist firms with cashflow issues.
"Dorset Chamber will continue to support businesses and work with the British Chambers of Commerce to lobby government at the highest level," Mr Girling said.
