Analysts warn that Donald Trump’s trade tariffs will still impact the UK economy, even if a deal is secured with Washington. Goldman Sachs downgraded their economic forecasts, predicting a 0.8% growth for the UK in 2021 and 1.2% in 2026 due to negative spillovers from EU trade tariffs. The Trump administration’s upcoming tariffs are expected to average 15%, affecting global markets significantly.
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Trump tariffs latest: Starmer insists UK ‘ruling nothing out’ as president prepares to spark global trade war
Sir Keir Starmer stated that the UK is preparing for all possibilities and keeping all options open in response to Donald Trump's potential import tariffs, causing global stock markets to be on edge. European and Asian stocks faltered as investors and world leaders expressed concerns over the impact of Trump's proposed trade barriers, set to be announced later. Amid warnings of potential harm to the UK car manufacturing industry, Sir Keir emphasized that a trade...
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