independent.co.uk
Trump's Trade Policies and the UK
Analysis of the potential impact of Donald Trump's trade policies on the UK economy, including the possibility of tariffs and a free trade agreement.
English
United Kingdom
PoliticsEconomyUs PoliticsTradeInternational TradeTariffsInternational
University Of Sussex’s Centre For Inclusive Trade PolicyGoldman SachsEuWhitehall
Donald TrumpPeggy GrandePhil MurphyKim DarrochDarren Jones
- How could tariffs impact the UK?
- A 10% tariff on all UK goods imported to the US could significantly harm the UK economy, impacting its growth negatively. Analysis suggests a 20% tariff could cause a £22 billion loss in exports.
- What would a trade deal mean for the UK?
- A US-UK free trade agreement is possible, but it would likely require the UK to allow cheaper US agricultural products into its market, potentially harming UK farmers. This could involve accepting hormone-treated beef and chlorine-washed chicken.
- What are the differing opinions on whether the UK will face tariffs?
- Experts are divided on whether the UK will face tariffs. Some believe Trump may prioritize a trade deal with the UK post-Brexit, while others predict protectionist measures will be implemented regardless.
- What is the current UK government response to the potential impact of tariffs?
- The potential impact of tariffs on the UK is uncertain and depends on various factors, including whether a trade deal is secured. Officials are considering various scenarios and taking advice to prepare for different outcomes.
- What is the overall economic outlook for the UK given the uncertainty around US trade relations?
- The UK's economic growth is predicted to decrease due to uncertainty surrounding trade relations with the US, with the potential for significant losses in exports depending on the outcome of negotiations.