Tag: economic impact
UK Business Groups Sound Alarm over Trump's Proposed 2025 Tariffs
Kieran Lockhart, Apr, 8 2025
In 2025, tariffs proposed by Donald Trump may disrupt global trade and supply chains, raising concerns among UK business groups. These tariffs aim to address trade imbalances by imposing a 10% baseline on imports, with heftier rates for countries like China and Mexico. Critics warn of GDP reduction, retaliatory measures, and consumer price hikes, while Trump's administration claims it will counter unfair trade practices.
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