Rachel Reeves has pleaded with Donald Trump not to impose trade tariffs amid fears of them negatively affecting UK growth. Donald Trump’s proposed trade tariffs could cost the UK economy £21.5billion next year, according to new analysis from the National Institute of Economic and Social Research. The president-elect’s pledge to impose 10 per cent tariffs on all global imports, rising to 60 per cent for China, threatens to deliver a significant blow to Britain’s economic growth. Economists calculate the impact would amount to a 0.8 per cent drop in UK GDP growth in 2024. The US represents Brita…
