Trump will be bad for the UK
Britain will face a bigger economic hit than Brexit if Donald Trump wins the United States presidential election and embarks on a trade war with China, security officials have warned
The Times has been told that security officials have privately raised concerns about the economic impact of an American trade war with China There are concerns the UK could end up as ‘collateral damage’,hit by tariffs imposed by both economic superpowers. It would also come under significant pressure to follow any US tariffs on China
A Whitehall source said: ‘There are significant concerns in the security services about the economic impact of a full-blown trade war with China. We could end up as collateral damage. It could have a huge impact on supply chains to western countries. The worry is that it will be a bigger hit to GDP than Brexit was’
Officials believe there is a ‘sliding scale’ of risk, ranging from rhetoric only through to targeted tariffs to a full attempt by both Washington and Beijing to disentangle their economies
‘All of them are bad for us but the worst case is catastrophic. The thing with Trump is that you can never tell what he will do, so we have to plan for everything,’ a government source said
https://x.com/Steven_Swinford/status/1847568736481329181