If the current discussions around Trump tariffs seem hauntingly familiar, then that means your memory extends as far back as the hazy days of 2025.
It seemed like trade deals may have lessened the bite of tariffs and many businesses were starting to focus on the fallout of the Autumn Budget instead.
However, history runs in cycles and we are once more staring down the barrel of an international trade war.
With economic pressures coming both domestically and internationally, it is time for businesses to determine a course of action for the year ahead.
The businesses that will be most impacted are those that rely on international trade routes and supply chains.
This extends to more businesses than might be apparent initially.
While you will know whether your business is beholden to international suppliers, you may have less of an awareness of how domestic businesses you work with are connected globally.
If your business deals directly with the US, it may be time to consider other options for both importing and exporting goods.
The challenge is one that is gripping most of Europe, so reforging connections with our nearer neighbours might be a wise course of action.
Regardless, it is safe to assume that any disruption in global trade will make things more difficult for your business.
There is also the wider impact that tariffs can have on the economy.
It was seen as a glimmer of hope when the UK economy showed signs of growth at the end of 2025, but this hope could be extinguished under a wave of uncertainty.
This puts a strain on businesses, big and small, as the risk of recession grows.
International trade wars seem to be a regular fixture of business dealings for the time being, so it is worth planning for them accordingly.
It is expected that a wave of businesses will collapse in the next year, but this may not be the worst thing for the economy.
Currently, there are a plethora of ‘zombie’ companies that only generate enough revenue to stay open but contribute little else to the economy.
When these businesses are no longer present, taking up space and oxygen that might be better deserved by more active companies, it could benefit your business.
By seeking professional financial support, you can reassess your finances to avoid the fate of the zombie companies and make the most of anything they leave in the wake of their closure.
This is an example of the way that businesses can endure the next year by exploring new financial pathways and being strategic with planning.
Effective budgeting and financial forecasting will be vital for truly understanding the effects of the Trump tariffs.
There is a chance that they may not come to pass, that diplomacy may win out again, but with sovereign territory on the line, this is less likely than before.
Regardless, our expert team are on hand to help you approach this coming year with greater confidence.
We will help you get a clear picture of your finances and obligations so that you can begin putting plans in place.
For financial support that is ready for any challenge, speak to our team today.
