Ricci, a London-based dentist, is becoming increasingly worried about the escalating trade war between China and the United States \u2013 a conflict he fears will exacerbate the United Kingdom\u2019s cost of living crisis.<\/p>\n
\u201cI understand why the US wants to reduce its dependence on China,\u201d he said. \u201cBut the reality is that China produces a huge amount of things we all use. So when tariffs are added, it\u2019s not just China that\u2019s affected, as the supply chain disruptions may lead to price increases for everyone, including people here in the UK.\u201d<\/p>\n
Frustration is growing in the UK over the aggressive tariff policies being pursued by US President Donald Trump, which have already halved UK growth forecasts and forced the government to provide billions of dollars<\/a> of extra support to the export sector.<\/p>\n The UK is directly impacted by several new US duties, including a 10 per cent \u201cbaseline\u201d tariff as well as 25 per cent levies targeting the steel and automotive industries.<\/p>\n But Trump\u2019s trade policies are also set to hit the British economy in indirect \u2013 and unpredictable \u2013 ways, as the intensifying US-China tariff war threatens to undermine investor confidence, disrupt supply chains and slow global growth.<\/p>\n Washington has raised duties<\/a> on Chinese goods by 145 per cent since the start of the year \u2013 bringing the total effective tariff rate to about 156 per cent \u2013 while Beijing has hit back<\/a> with 125 per cent retaliatory levies on American imports.<\/p>\n","protected":false},"excerpt":{"rendered":"Ricci, a London-based dentist, is becoming increasingly worried about the escalating trade war between China and the United…\n","protected":false},"author":2,"featured_media":21099,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[13628,13631,51,1395,13626,32,1700,13627,13625,13624,13632,13630,13629,1219,16,15,978,13633,6709],"class_list":{"0":"post-21098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-25-per-cent-tariff","9":"tag-anti-american-sentiment","10":"tag-business","11":"tag-china","12":"tag-cost-of-living-crisis","13":"tag-donald-trump","14":"tag-economy","15":"tag-james","16":"tag-kings-college-london","17":"tag-ricci","18":"tag-society-of-motor-manufacturers-and-traders","19":"tag-supply-chain-disruptions","20":"tag-tariff-policies","21":"tag-trade-war","22":"tag-uk","23":"tag-united-kingdom","24":"tag-us","25":"tag-us-china-conflict","26":"tag-washington"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114340229602866398","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/21098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=21098"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/21098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/21099"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=21098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=21098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=21098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}