Economist criticises Trump's tariffs: 'The consumer will pay' | LBC analysis
February 3, 2025
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6:16Now PlayingEconomist criticises Trump's tariffs: 'The consumer will pay' | LBC analysis
YouTube Description
as posted by the channelDonald Trump has declared that he will level tariffs against many of America's allies, and the EU has vowed it will reciprocate.
With fears of a trade war looming, Andrew Marr discusses predictions with Professor Aron Acemoglu, winner of the Nobel Prize for Economics.
It comes after Sir Keir Starmer said Britain will not be “choosing between” the European Union and the United States after Donald Trump said tariffs will "definitely" be placed on EU goods.
The American president suggested overnight he is ready to impose tariffs on both the UK and the EU after he announced 25% tariffs on goods from Mexico and Canada, and 10% on China.
However he said the issue “can be worked out” with Britain given “very nice” discussions with Starmer but said levies will “definitely” be placed on EU imports.
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