Trump tariffs could be good for some countries, including the UK

Published On Mar 4, 2025, 7:41 AM

US President Donald Trump's reintroduction of tariffs on imports from countries like Canada, Mexico, and China has raised concerns among investors about the potential economic implications. These tariffs are currently the highest since the 1930s, likely leading to increased prices for American consumers and potentially pushing inflation higher. While Trump argues that the tariffs will create jobs, history suggests that trade wars can lead to negative economic consequences, including a potential 1% loss in US growth. Countries that escape tariffs might benefit, particularly those like the UK, which could see increased trade and investment as a result. Rising uncertainty around these trade policies is also affecting business confidence and investment decisions globally.