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

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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