Economist: Trump's Tariff Increases Could Plunge the UK into Recession

Odaily News Economists warn that the UK faces a risk of recession if Trump swiftly advances his latest tariff threats. According to Capital Economics calculations, if the new tariffs threatened by the US President are rapidly imposed on top of the UK's existing 10% import duties, UK GDP could fall by 0.3% to 0.75%. Based on the World Bank's assessment of UK economic growth, if Trump raises tariffs to 25% starting in June, the UK economy could suffer a £21.6 billion blow. Paul Dales, Chief UK Economist at Capital Economics, stated: "Currently, the UK economy is growing by only 0.2% to 0.3% per quarter. If the shock arrives all at once, it could trigger a recession."