Trump trade war could lead to $1.4trn global welfare loss as 'Liberation Day' looms

UK to benefit from trade rerouting

Linus Uhlig
clock • 2 min read

Economists have warned that the global economic toll of President Donald Trump’s tariffs could result in a $1.4trn hit to welfare worldwide, with expectations that the UK could also be set to benefit from potential rerouting of trade.

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