UK Exports Face £22bn Loss from Trump Tariff Threats

Former President Donald Trump's proposed tariffs on British exports could have severe economic repercussions for the UK, potentially leading to a £22 billion decline in exports if implemented. Key industries such as pharmaceuticals, automotive, and petroleum are particularly at risk, with tariffs anticipated to drive up costs and reduce demand. A survey from the British Chambers of Commerce indicates that around 40% of businesses exporting to the US expect significant negative impacts from these tariffs. In response, UK officials are considering strategies to mitigate the fallout, including potential retaliatory measures. Economic experts warn that these tariffs could exacerbate the cost-of-living crisis and hinder growth in an already fragile post-pandemic economy. The situation remains fluid, with ongoing negotiations sought to protect British interests amid escalating trade tensions.