Trump trade war would be a ‘danger’ for ‘exposed’ Britain says minister ‘worried’ by incoming US president’s tariff plan to take on China [Video]

05:47 EST 16 Jan 2025, updated 06:02 EST 16 Jan 2025

Britain faces economic ‘danger’ if Donald Trump kicks off a global trade war when he returns to the US presidency, a senior minister warned today.  

Business Secretary Jonathan Reynolds has said he is worried about the impact of tariffs proposed by Trump, and stressed they are ‘paid for by your own people’.

Mr Trump has signalled he is willing to introduce tariffs on goods coming from Canada and Mexico, two of the US’s biggest trading partners, as well as China, in a bid to protect America’s homegrown industries.

In recent days, the president-elect has spoken of establishing a new US government agency tasked with collecting revenue from tariffs.

Financial markets around the world have started to react to the possibility the trade taxes could be applied more widely, which is believed to have influenced a spike in Government borrowing costs in the UK.

‘It’s going to be a …