Trump tariffs latest: UK economy to suffer even if new US trade deal struck, grim new forecast warns

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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