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Evening Standard
Evening Standard
Vicky Shaw

How could Donald Trump’s tariffs affect households and their finances?

US commerce secretary Howard Lutnick holds a chart as President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House in Washington (Mark Schiefelbein/AP) - (AP)

UK Foreign Secretary David Lammy has said people across the country are “very concerned” about how the move by the United States to place 10% import taxes on goods would hit their own finances.

Here is a look at how households may find their finances could be affected:

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