Two-thirds of British entrepreneurs consider Donald Trump’s second time period as US president will likely be “good for business”, based on a ballot by Helm, a community for founders.
The survey discovered that 66 per cent have been optimistic in regards to the Trump White Home, whereas 33 per cent thought of it “bad for business”.
Helm represents £8 billion in British enterprise, with the typical income of every member agency standing at round £21 million. Many see Trump’s pro-business stance—illustrated by company tax cuts and deregulation throughout his first time period—as a possible boon for UK enterprises.
Nevertheless, those self same entrepreneurs are conscious of doable pitfalls. Trump has floated massive tariffs of 10–20 per cent on imports from all international locations and a possible 60 per cent price on items from China. Oxford Economics has warned a “full-blown Trump trade war” might provoke a gentle recession and push inflation above 3 per cent.
UK enterprise secretary Jonathan Reynolds just lately commented that such tariffs would possible exacerbate inflation and unemployment, calling Trump’s administration “challenging for anyone responsible for trade in a big economy”.
Andreas Adamides, CEO of Helm, famous the optimism however acknowledged the unpredictability, saying: “Our members are sharply divided on the broader implications of Trump’s presidency. What stands out is that two-thirds are optimistic about its potential impact on their businesses. This bullish sentiment likely reflects Trump’s pro-business policies, which many entrepreneurs believe could provide opportunities for growth. However, this optimism is tempered by valid concerns over unpredictability and potential market volatility.”
David Atkinson, founder of promoting company Company Area, sees a short-term carry however warns: “Longer term, this is not a good thing. But I think the US and UK economy will receive a short-term bump.”
In distinction, Shelley Hoppe, founding father of SBC, highlights the draw back of potential turmoil: “I don’t think Trump will be good for business. He creates a lot of chaos and uncertainty, which makes markets volatile, everyone more anxious, and planning more difficult.”
Regardless of issues about tariff hikes, Brexit repercussions, and geopolitical uncertainties, many British entrepreneurs stay hopeful that Trump’s second presidency might open the door to new worldwide commerce alternatives, no less than within the close to time period.
