“British exports worth more than £1.9 billion have been hit by President Trump’s trade attacks on the European Union and China, analysis shows.

 

Moreover, economists fear that UK goods worth up £3.4 billion could be affected by the acrimonious trade dispute between the United States and China.

 

The conflict between the world’s two largest economies will have a “far greater impact” on Britain than Mr Trump’s steep foreign steel tariffs, according to the Centre for Economics and Business Research.

 

Nevertheless, the consultancy believes that Britain and the EU could yet strike a positive agreement with the Trump administration and avoid its protectionist trade assaults after the president unveiled his first trade deal.

 

While British products with an annual value of £389 million have been affected by Mr Trump’s targeting of EU-produced steel and aluminium, the consultancy estimates that about £1.5 billion of Chinese exports sourced from British goods have been hit by new tariffs.”

 

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