News1 min ago
More Gloom To Come For Uk Trade, Business And Manufacturing?
And the rest of us? Can anyone with knowledge explain what we might expect as a result?
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No best answer has yet been selected by pastafreak. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.We'll have to wait and see if it actually happens and if so what the impact is. It's proposed to be applied to imports into US from all countries, with an even higher rate for some like China.... so unless the US can manufacture and sell to itself it may be that Americans will still buy roughly the same level of imports in order to meet their needs. Protectionist measures often fail and/or lead to retaliation so often are removed/scaled back.
Worth a look. Old article but relevant now.
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