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World

Fact check: How much will Trump’s tariffs hurt the UK?

14 November 2024

5:04 AM

14 November 2024

5:04 AM

Last week the National Institute of Economic and Social Research said Britain ‘would be one of the countries most affected’ by Donald Trump’s proposed tariffs, with growth cut by 0.7 percentage points in year one, 0.5 percentage points in year two, and inflation 3-4 points higher. But research from Oxford Economics today suggests the impact would be ‘limited’, even in the worst-case scenario.

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