Trump's Tariffs - The good, the bad and the ugly

Are you worried that the cost of living could just get even pricier thanks to our orange friend over the pond?

Did you know that President Trump has announced the US is to put tariffs on imports from Canada and Mexico, and increase those on Chinese goods, and suggested he will bring in similar levies on items from the EU. What could these new charges mean for the UK?

How will this impact the UK?

The UK economy will be hit by the indirect effects of White House policy. That's even if Trump does not add tariffs to UK goods.
Tariffs are likely to lead to a general slowdown in global trade volumes, which will depress economic growth, particularly for an open economy such as the UK. Trump’s approach is also expected to push up prices, leading to a temporary resurgence in inflation.