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The Guardian

UK economy could be especially at risk from Trump’s tariff war, says minister

The Guardian on
UK economy could be especially at risk from Trump’s tariff war, says minister



Trade secretary says UK’s ‘globally oriented’ economy means it is vulnerable – but it is better positioned than China and EUUK economy – live business updatesThe UK government is worried a “tariff war” between the US and other countries could lead to higher inflation and unemployment, the trade secretary has said.Jonathan Reynolds, the business and trade secretary, warned the UK was particularly vulnerable to the impact of US tariffs because it was a “very globally oriented economy” reliant on international trade and investment. Continue reading…



Source link : https://www.theguardian.com/politics/2025/jan/16/uk-economy-could-be-especially-at-risk-from-trump-tariff-war-says-minister

Author : Eleni Courea Political correspondent

Publish date : 2025-01-16 09:00:00

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Tags : The Guardian

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