UK Business

The UK would be lucky to avoid US tariffs – but a global trade war would hurt everyone

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

The first weeks of the Donald Trump’s administration have been marked by a flurry of announcements and U-turns on US trade policy.

One of the first decrees centred on Trump’s favourite word: tariffs. He announced that US consumers and businesses would be taxed an extra 25% when they bought Canadian or Mexican...

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