Home > Latest News > Business News > Trump’s tariffs risk pushing up prices for consumers and harming industry

Trump’s tariffs risk pushing up prices for consumers and harming industry

Wendy

4/4/2025 8:52:53 AM

Business News

3 mins read

Commenting on President Trump’s announcement on new global tariffs, RenewableUK's Deputy Chief Executive Jane Cooper said: 

 

“Tariffs and trade disputes risk pushing up prices for consumers and harming industry, so the priority must be resolving this dispute and developing a UK trade strategy that strengthens our energy security and reduces risks to the UK supply chain. These tariffs, combined with the US Government's recent moves to halt the development of offshore wind, will mean American and UK companies will miss out on opportunities to trade, invest and collaborate in innovative clean technology.

 

"While trade in goods for renewables between the US and UK is relatively limited, we are concerned at the wider impact these tariffs could have on the supply chain in the UK and across Europe. Many of our manufacturers operating in the UK - and collectively employing thousands of people here - also have factories in the EU, so President Trump's announcements will have a far-reaching impact across our sector”.

Other Articles You Might Like

Stuart

1/25/2024 11:38:49 AM

Exercise the mind through reading
CHILDREN can embrace National Storytelling Week at Cleethorpes Leisure Centre and discover why reading is a great workou...

Wendy

11/11/2024 10:38:51 AM

Scandinavian market signals the start of Christmas at Danish Church
East Yorkshire’s Scandinavian community is aiming to make its biggest event of the year better than ever by partnering w...

Wendy

5/27/2024 7:26:59 AM

Superhero Day revives comic book memories for joke shop owner
A business which was selling American comic books even before Superman was created will join the attractions on the stre...
Events & Networking 4 min read

Wendy

3/25/2024 10:24:23 AM

Fresh faces and flavours join flourishing Fruit Market
Hull’s Fruit Market is welcoming a wave of new businesses to the vibrant neighbourhood, including a vintage clothing sho...
Business News 4 min read