Trump tariffs would halve UK growth and push up prices, says thinktank

The UK would be ‘one of the countries most affected’ by the tariffs Donald Trump has said he will bring in, a NIESR analyst says. Photograph: Chip Somodevilla/Getty Images

UK growth is likely to be halved by Donald Trump’s victory in the US presidential race if goes on to impose the swingeing new tariffs he has threatened, a leading thinktank has warned.

The National Institute of Economic and Social Research (NIESR) said the protectionist measures planned by the Republican challenger for the White House would result in weaker activity, rising inflation and higher interest rates from the Bank of England.