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Whitehall planning amid tariff fears
November 11, 2024
|The Herald
WHITEHALL officials will be “considering lots of different scenarios”, a Treasury minister has confirmed, amid concerns about the possible impact of tariffs under the incoming Trump presidency in the United States.
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Darren Jones MP, Chief Secretary to the Treasury, said that Donald Trump “recognises” the important relationship between the UK and the US, but there are fears about the potential impact on the UK economy should the US president-elect introduce tariffs, as he has previously suggested.
Mr Trump said before his victory he would raise tariffs on Chinese goods to 60% and impose a “universal” tax of at least 10% on imports from other countries.
Asked about possible tariffs on Sky News’
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