{"id":27452,"date":"2025-04-21T12:21:29","date_gmt":"2025-04-21T12:21:29","guid":{"rendered":"https:\/\/news.godj.com\/news\/companies-should-seek-us-opportunities-despite-trump-tariffs-says-ceo\/"},"modified":"2025-04-21T12:21:29","modified_gmt":"2025-04-21T12:21:29","slug":"companies-should-seek-us-opportunities-despite-trump-tariffs-says-ceo","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/companies-should-seek-us-opportunities-despite-trump-tariffs-says-ceo\/","title":{"rendered":"Companies should seek US ‘opportunities’ despite Trump tariffs, says CEO"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n
\n
\n
Gemma Dillon & Nicola Rees<\/span><\/p>\n

BBC News, Yorkshire<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\"BBC\/NicolaBBC\/Nicola Rees<\/span><\/div>\n<\/div>\n

Fiona Conor, CEO of Trust Electric Heating, says businesses should look for “opportunities” in America as President Trump imposes tariffs<\/figcaption><\/p>\n<\/figure>\n
\n

A West Yorkshire business has said British firms should look for “opportunities” in America, after Donald Trump confirmed the UK would be subject to 10% trade tariffs.<\/p>\n

The US president on Wednesday unveiled a list of tariffs on countries across the world that send their products to America.<\/p>\n

Trust Electric Heating, based in Garforth, successfully applied in September 2024 to be part of a scheme helping companies to set up production hubs in the US, rather than exporting goods from the UK.<\/p>\n

Its CEO Fiona Conor said the “prize is huge” for firms willing to manufacture in the US, which would see companies avoid tariffs on their products and receive tax breaks.<\/p>\n<\/div>\n

Watch: Key moments in Trump\u2019s \u2018Liberation Day\u2019 tariffs announcement<\/figcaption><\/p>\n
\n

Trust Electric, which supplies electric heaters, in September became part of a scheme, Scale For ClimateTech, to look into the American market.<\/p>\n

Scale For ClimateTech, based in the US, says it offers support to “the most promising climate tech innovators from around the world”.<\/p>\n

Ms Conor said the US market was “big”, especially for small and medium-sized businesses like Trust Electric. <\/p>\n

She said: “In America, 1% of the market is worth \u00a31.3bn to the company, in the UK 1% of the market is worth \u00a314m.”<\/p>\n<\/div>\n

\n
\n
\"BBC\/NicolaBBC\/Nicola Rees<\/span><\/div>\n<\/div>\n

Trust Electric is hoping to open a manufacturing base in the US to avoid tariffs on their products<\/figcaption><\/p>\n<\/figure>\n
\n

Trump announced on Wednesday<\/a> taxes on goods coming into the US, including 10% on all UK imports and 20% on those from the European Union.<\/p>\n

Prime Minister Sir Keir Starmer said that “just as with defence and security” the world was “entering a new era” in economy and trade.<\/p>\n

He said his government still hoped to secure a deal with the US but reiterated that nothing would be “off the table” when it came to the UK’s response to the tariffs.<\/p>\n

“I want to be crystal clear – we are prepared. Indeed, one of the great strengths of this nation is our ability to keep a cool head.”<\/p>\n<\/div>\n

\n

Trust Electric has also been accepted onto a programme run by the New York State Energy Research and Development Authority to examine opportunities in the area.<\/p>\n

Ms Conor said the company “pivoted quickly” and added that it “knew tariffs were coming and knew the prize was big over there”.<\/p>\n

“Trump put desirable measures in for innovators like us to manufacture in the US,” she said.<\/p>\n

Ms Conor said the firm would keep its UK base and create jobs in Yorkshire, but also hoped to set up manufacturing in the US.<\/p>\n

She said if other businesses were feeling “despondent” about the tariffs, they should “look for some of the opportunities in America – they are huge”.<\/p>\n<\/div>\n

‘Too late to the table’<\/h2>\n<\/p>\n
\n

Ms Conor was critical of the UK government’s approach to Trump’s election, and said officials were “too late to the table”.<\/p>\n

She said they “should have got over there earlier, looked in the white of his eyes and started negotiations early”.<\/p>\n

She added that Trump had a “big ego” and waiting until late February to begin negotiating a deal was “far too late”. <\/p>\n<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gemma Dillon & Nicola Rees BBC News, Yorkshire BBC\/Nicola Rees Fiona Conor, CEO of Trust Electric Heating, says businesses should look for “opportunities” in America as President Trump imposes tariffs A West Yorkshire business has said British firms should look for “opportunities” in America, after Donald Trump confirmed the UK would be subject to 10% […]<\/p>\n","protected":false},"author":1,"featured_media":27453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[750,340,4798,7381,1694,494],"class_list":["post-27452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-ceo","tag-companies","tag-opportunities","tag-seek","tag-tariffs","tag-trump"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/27452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=27452"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/27452\/revisions"}],"predecessor-version":[{"id":27454,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/27452\/revisions\/27454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/27453"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=27452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=27452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=27452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}