As we hit the first 100 days mark of US President Donald Trump’s second term, no other single word sums up the preoccupation of business leaders around the world better than tariffs. This podcast assesses the impact of the US’s tariffs, and how risk professionals and their organisations are responding to the fast-moving shifts in global trade. Special thanks to David Benyon, Editor of the Political Risk Podcast; Alexander Frost, Chief Markets Officer at Airmic; and Hoe-Yeong Loke, Head of Research at Airmic, for contributing to such an engaging and thought-provoking conversation.

In KPMG’s latest UK Economic Outlook we look at the prospects for the UK economy for 2025 and 2026, including analysis of growth prospects, consumer spending, trade, inflation, interest rates, the labour market and public sector finances. While healthy household saving buffers and strong public spending should support economic performance, the imposition of broader tariffs could reduce UK GDP growth to 0.8% in 2025 and 2026.

Clyde & Co’s Tariff Tracker provides an overview of all trade restrictions imposed or announced by the US and against the US. The tracker will be updated by its offices across the globe as new measures are introduced.

In today’s interconnected global landscape, tariffs have become more than an instrument of trade negotiations. In such a complex and uncertain landscape, businesses that aren’t sufficiently agile to anticipate and adapt to disruption will struggle.