Trump’s Latest Tariff Plan Threatens UK With £16 Billion Hit
- Tariffs of 20% on UK imports to US would reduce growth to 1%
- Reeves under pressure to spur growth while heeding budget rule
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Donald Trump’s latest plan to slap tariffs on US imports based on sales taxes in their country of origin could shave £16 billion ($20 billion) off UK economic output over the next two years, in what would be a blow to Prime Minister Keir Starmer’s promise to fire up growth.