PM Orpo on Trump tariffs: 'No winners in a trade war'
- Donald Trump revealed tariff plans on Wednesday, impacting 180 countries and territories.
- These tariffs followed a hardening of the UK's trade stance and global trade tensions.
- The UK buys goods such as machinery and Harley Davidson motorbikes, and digital tax impacts US tech firms.
- Prime Minister Orpo stated, "There are no winners in a trade war," expressing worry about the tariffs.
- Analysts anticipate economic impacts, including potential GDP reduction for the UK and stock market declines.
13 Articles
13 Articles
No winners in sight in the trade war, but some lose more than others
The new era of protectionism set up by Donald Trump will distort global trade flows over the next few years. Although it is still early to measure the definitive impact, the first analyses already point to big losers in this new scenario in which the only rule seems to be to save yourself who can. Greater inflationary tensions and falls in the Gross Domestic Product are taken for granted; from a commercial perspective, a forced rearrangement is …
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