Trump tariffs could shrink UK economy by nearly 1%, warns think tank Related news
Donald Trump
LONDON US President-elect Donald Trump's trade policies could have a significant blow to the UK economy, with economists estimating a nearly 1% contraction in GDP if harsh tariffs are imposed. The Centre for Economics and Business Research (CEBR) on Monday projected that the UK economy could face substantial fallout if the US adopts a protectionist stance under Trump’s leadership. The think tank’s analysis suggests that a 20% tariff on all US imports, combined with a 60% tariff on Chinese goods,
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