Could tariffs Trump all for manufacturers?

ESL is keeping close tabs on moves across the Pond as it seeks to further support manufacturers looking to cut costs against a backdrop of growing global economic insecurity.

Donald Trump’s decision to impose tariffs on neighbours Canada and Mexico, and major trade partner China, has led to increased nervousness amongst British firms.

And as ESL continues to fight on behalf of those manufacturers mis-sold energy contracts, its team will continue to monitor the bigger picture.

“The shadow of potential US tariffs is looming large over our manufacturers right now,” said Victoria Myers, Senior Partner at ESL.

“It’s important that we are aware of the bigger picture and understand the challenges facing firms in Q1 of 2025. At the same time we’re working harder than ever to progress claims and recoup money owed.”

But it’s not all bad news for British manufacturers, according to Neri Karra Sillaman, of the University of Oxford’s Said Business School.

“If the UK remains tariff-free, it could be uniquely positioned to attract investment, talent, and new trade partnerships,” she said.

“With tariffs pushing businesses to find more cost-effective hubs, the UK could become a preferred gateway for companies looking to bypass restrictions. Sectors like advanced manufacturing — where the UK already excels — could see an influx of investment and trade opportunities.”