Published

UK economy risks big hit under Trump tariffs plan, think tank says

  • A leading think tank warns that tariffs from President-elect Donald Trump will lower UK economic growth and raise prices on consumer goods.
  • The National Institute of Economic and Social Research estimates UK inflation could rise 3-4 points and interest rates 2-3 points if tariffs are implemented.
  • NIESR economist Ahmet Kaya states that the UK, being a small and open economy, would face significant impacts from Trump’s 20% tariffs on foreign goods.
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Bias Distribution

  • 63% of the sources lean Left
63% Left
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