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The Guardian - UK
The Guardian - UK
Business
Phillip Inman Economics editor

The fallout from Trump’s tariffs: is there a masterplan, are we heading for recession and what does it mean for UK?

Donald Trump United Kingdom United States Economy Rachel Reeves US Federal Reserve
Donald Trump holding a list of new tariffs
Donald Trump unveils his new tariffs at the White House on April 2. Photograph: Carlos Barría/Reuters

What is Trump’s master plan?

The US president wants to revive the manufacturing sector with a mix of protectionist policies, tax cuts and deregulation. Higher tariffs on foreign imports are supposed to encourage investment by US companies and overseas businesses that want to avoid the tariffs.

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