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1、UK industry focusGlobal trade redefined:RetailApril 2025Dealing with tariff uncertaintyStrategy&Global trade redefined:RetailThis report has been developed in collaboration with the Strategy&team PwCs global strategy house.Together,we transform organisations by developing actionable strategies that

2、deliver results.This publication has been prepared for general guidance on matters of interest only,and does not constitute professional advice.You should not act upon the information contained in this publication without obtaining specific professional advice.No representation or warranty(express o

3、r implied)is given as to the accuracy or completeness of the information contained in this publication,and,to the extent permitted by law,PricewaterhouseCoopers LLP,its members,employees and agents do not accept or assume any liability,responsibility or duty of care for any consequences of you or an

4、yone else acting,or refraining to act,in reliance on the information contained in this publication or for any decision based on it.2025 PricewaterhouseCoopers LLP.All rights reserved.PwC refers to the UK member firm,and may sometimes refer to the PwC network.Each member firm is a separate legal enti

5、ty.Please see for further details.Last updated:9am on 17 April 2025Strategy&Global trade redefined:RetailSome common industry actions:1.Assess first-order impact versus second-order impact2.Understand variation by sector within an industry and interdependencies across industries 3.Adopt a mix of no

6、regret moves in the short term and strategic choices in the longer term4.Identify both risk mitigants and growth opportunities5.Embed ongoing resilience to respond to geoeconomic shocksIntroductionThe UK retail sector will be less directly impacted by the introduction of US tariffs,reciprocal tariff