Analyzing the Risks of Protectionism and Stock Market Valuations

President Donald Trump has announced sweeping new tariffs, including a 10 per cent duty on all UK exports to the United States, as part of his 'Reciprocal Tariffs' plan aimed at addressing trade imbalances and bolstering American manufacturing. This move is expected to impact approximately £60 billion worth of UK exports, with sectors such as automotive and Scotch whisky facing significant challenges. The UK government, while relieved to have avoided higher tariffs imposed on other nations, is now navigating the potential economic repercussions and exploring avenues for negotiation. ​

Freddy Gray speaks with William Clouston, leader of the Social Democratic Party (SDP), to analyse the implications of Trump's tariff announcement on the UK economy.