By Chris Dorrell Economists are concerned by the likely impact of Donald Trump’s economic policies on the UK following his historic election victory. During the campaign, Trump threatened to increase tariffs on foreign imports by between 10-20 per cent while also placing 60 per cent tariffs on Chinese goods. A tariff is a levy imposed on imports. By putting extra costs on businesses importing products from overseas, tariffs limit trade and lead to higher prices for consumers. If Trump went ahead with his threats to impose blanket tariffs, economists agreed that the global economy would take a …