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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

‘Nonsense and stupid’: Trump’s tariff war will cause global damage, says Grosvenor boss

Facade of neo-classical properties in Eaton Square, Belgravia
Eaton Square, Belgravia. Profits at Grosvenor Group climbed 16.5% to £86.4m last year. Photograph: RichardBaker/Alamy

Donald Trump’s global tariff trade war is “nonsense and stupid” and will damage every country in the world, including the US, the boss of one of Britain’s most powerful property companies has said.

Mark Preston, chief executive of the 348-year-old Grosvenor Group, controlled by the Duke of Westminster, said he was “convinced” that the president’s sweeping tariff policies would ultimately be removed.

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