Tariffs, Trade, and Business Growth: What to Watch This Week

Global trade is in flux. With Trump’s proposed tariffs making waves, businesses across the UK and beyond are bracing for potential cost increases and supply chain disruptions. Meanwhile, UK SMEs face ongoing challenges accessing finance despite their role as the backbone of the economy. In a major step for international payments, Pay iO is pushing possibility with the launch of USD customer accounts - a game-changer for businesses transacting globally.

Here’s what should be on your radar this week:

The US Tariff Threat – What It Means for UK Businesses

The possibility of new Trump-era tariffs on imports is causing concern across global markets. Key considerations for UK businesses:

?? Higher costs on imported goods could ripple through supply chains, impacting everything from raw materials to consumer prices.

?? Export challenges for UK businesses trading with the US, with industries like automotive and manufacturing most at risk.

?? Currency fluctuations. As uncertainty mounts, businesses dealing in USD should prepare for potential volatility.

If your business trades internationally, this is the time to review FX strategies and consider multi-currency solutions to mitigate risk.

SME Finance Access: A Growing Concern

A new report from the British Business Bank highlights a major issue: SMEs are struggling to access the funding they need to grow.

?? 60% of SMEs say they need external finance, but many face barriers securing it.

?? Businesses with access to growth capital scale faster, hire more staff, and expand internationally.

?? Alternative finance solutions - from fintech lenders to multi-currency business accounts - are playing a growing role in helping SMEs thrive.

If your business is scaling, ensuring you have fast, cost-effective access to payments and international transactions will be critical to future growth.

Pay iO Launches USD Accounts – Opening Doors to Global Growth

Big news: USD accounts are now live on Pay iO. This is one of our most requested features and a major milestone in simplifying global business payments.

?? No more unnecessary FX conversions - hold, receive, and send USD directly.

?? Expand into global markets with seamless transactions.

?? Improved cash flow management for businesses trading in USD.

If your business operates across borders, now’s the time to set up a USD account and take control of international transactions.

?? Want to talk about how we can help your business move faster? Our team is always here.