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Lamont fears a 1930s-style trade crisis
Daily Express
|January 08, 2025
A TRADE war between the United States and the European Union could plunge the world into a 1930s-style economic crisis, Norman Lamont has warned.
President-elect Donald Trump has vowed to impose tariffs of up to 20% on US imports from most countries and 60% on Chinese goods. Experts at the University of Sussex predict these charges could cost British firms £22billion.
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