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The Independent UK
The Independent UK
Business
Ruby Cline

Businesses braced for ‘nosedive’ in consumer confidence amid Trump’s new tariffs

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House (AP Photo/Mark Schiefelbein) - (AP)

Businesses in the UK have said they are bracing for a “nosedive” in consumer confidence following the imposition of sweeping tariffs by Donald Trump.

The US president announced a wave of global tariffs last week, including a blanket 10% charge on goods from the UK.

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