Donald Trump’s threatened tariffs could hit UK trade with the US as badly as Brexit affected trade with the EU, a leading think tank has warned, as campaigners call for Sir Keir Starmer to protect the UK by urgently rebuilding ties with Europe.
The president-elect has threatened to impose tariffs of between 10 and 20 per cent on all imports to the US when he returns to the White House, with experts warning of a tit-for-tat global trade war that would fuel another spike in inflation.