Faisal Islam: The tariff wars have begun - buckle up

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Faisal Islam: The tariff wars have begun - buckle up - BBC Business

Quick Summary:

The UK will still be hit even if not directly targeted by Trump's tariff measures.

The EU is busy doing trade deals with Latin America."There is huge demand in the outside world for free and fair trade relationships," says Mr Sefcovic.

He said that the tariff move would rebound on the US economy itself by fuelling inflation, forcing the Federal Reserve to raise interest rates and crippling the ability of the US to sign trade deals, given they would have effectively ripped up their biggest - the United States-Mexico-Canada Agreement (USMCA) - just a few years after the president had personally renegotiated it.