Our scenarios of how different rates of US tariffs on UK exports could influence the UK are designed to provide clients with some real-time context when President Trump announces tariffs tonight. These are rough rules of thumb for blanket tariffs on all goods. If the tariffs are sector-specific or nation-specific, the implications would be different. We’ll publish a more complete trade model in the coming days to enable clients to gauge the effects of different US tariffs on particular goods and particular economies.
Economists from our macro and markets teams will be discussing what Trump's tariff announcement means for economies and markets throughout the Americas, Europe and Asia in a special online briefing on Thursday 3rd April at 9am BST and 1pm BST (register here for 9am and here for 3pm).
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