Logistics UK is urging politicians on both sides of the Atlantic to take a measured approach to trading negotiations to protect global supply chains and prevent the creation of inflationary measures.
The orgasnisation said it is vital both sides avoid destabilising global markets and supply chains at a time when the first shoots of recovery are starting to be seen after the shocks of the pandemic.
James Mills, Logistics UK head of trade policy, said: “The United States is the UK’s largest single-country trading partner, with around 40,000 UK businesses exporting goods to the US and close to one million jobs supported by that trade.
“Many of these businesses and employees are in the logistics sector, which enables all trade to happen smoothly. Any renewed threat of tariffs risks creating uncertainty that supply chains and exporters can ill afford, particularly when margins are already tight, and businesses are focused on growth and investment.
“We need a calm, de-escalatory approach as it is essential to protect trade flows, keep costs down and avoid unnecessary disruption for businesses and consumers. We fully support the UK government’s defence of Greenland’s sovereignty and its right to self-determination.
“Predictable trade keeps goods moving and it is important to remember that tariff threats are not cost free to either side in the transaction: they land in supply chains and the resulting tab is ultimately picked up by customers.”
