The freedom afforded to the United Kingdom by its Brexit withdrawal from the European Union has been credited with helping the country avoid the worst of the Trump tariff actions.
On Wednesday, U.S. President Donald Trump announced a slew of tariff measures with the aim of resetting America’s trade relationships with the rest of the world, intending to encourage the return of industry to America after decades of globalisation hollowed out manufacturing hubs and corporations sent jobs and wealth abroad.
Observers quickly noticed that the “Liberation Day” tariff announcements were quite disparate in their scale, with some trading partners, such as Communist China, being slapped with significantly higher import taxes than others, depending, in large part, on the tariffs and other trade barriers
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