US Trade Deal: How Your Ecommerce Business Can Profit
Barriers to trading with the US could be set to come down, with President Donald Trump promising a significant US trade deal with the UK. At the G7 Summit in France at the weekend he said the move could spell a ‘very big trade
deal’. Speaking after a breakfast meeting with Prime Minister Boris Johnson, the US president was upbeat about the UK entering the lucrative US market.
While there remain major barriers to trading in the US, Mr Johnson is looking for concessions to ensure British firms can sell everything from consumer goods to produce across the States. From a global sales prospective, ecommerce
developer Comgem says: “This could be the beginning of a sales boom for UK firms. So long as issues can be ironed out, sales across the Pond could be a massive growth market for a wide range of UK-based businesses.”
US trade deal opportunities for manufacturers
Comgem believes the B2B and manufacturing sectors stand to gain most out of a US trade deal. It is advising businesses planning to target the US to ensure their ecommerce systems are robust enough to deal with quotes / queries, order processing and shipping thresholds. It warns, many off the shelf ecommerce platforms will not offer the level of support required to successfully crack the US market.
Commercial Director Dani Attard said: “It seems like only yesterday, the UK was told it would go to the back of the queue for a trade deal if it left the European Union. What has changed is the man at the top in the US
and Donald Trump seems keen to open up trade to UK businesses. While nothing is certain at this stage, we are quietly confident of some good coming out of current talks. Mr Trump has indicated a US trade deal could
happen quickly, so businesses need to prepare now.”
US trade deal and consumer goods
If you are hoping for a slice of the US trade deal cake, you need to stay in the loop and keep abreast of any changes to current issues. Ensure your products meet US standards and, where they fail to conform, check if this
is going to be matter up for discussion. Comgem is advising businesses to be aware of areas in the US where their products may not be imported. Particular attention should be paid to ports.
Dani said: “Mr Johnson has urged the President to open up major ports to British freight. Freight forwarders and others in the shipping industry will be keeping a close eye on developments and, for wholesalers, now is the
time to talk to shipping companies and to stay in touch until the final outcome of current talks are known.”
Comgem is the developer of the Gemsuite ecommerce platform, favoured by wholesalers and distributors because of its ability to simplify complex products
and customers.