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Donald Trump’s plan to impose tariffs on US imports will hit the UK economy to the tune of £20bn, according to research.
Mr Trump has said he plans on introducing a 20 per cent levy on most imports to the US in order to help out domestic businesses, with 60 per cent on imports from China.
That will trim the UK’s economic output by 0.9 per cent by the end of his presidency, according to the Centre for Economics and Business Research. This is the equivalent of £20bn, using 2023’s figures for economic output.
The US is the UK’s second-biggest…
