President Trump’s assault on global trade will leave Britain among the biggest losers, according to the IMF
The struggling British economy is not immune to the chaos caused by President Trump’s trade policies, even if the government manages to carve out an exemption from the tariffs, one of the world’s leading forecasters has said.
The International Monetary Fund reduced its growth forecasts for major economies, including Britain, warning that the unprecedented upheaval from American protectionism could bring 80 years of economic co-operation to an end.
The consequences were manifold and yet to reveal themselves in full. As a small, trade-reliant economy, Britain would be one of the biggest losers of Trump’s assault on global trade, the IMF said.
Its downgrade of 0.5 percentage points for British GDP growth to 1.1 per cent this year was among the largest reduction made to any
