Trump has proposed broad tariffs of up to 20% on goods imported to the U.S., a move that could ignite a global trade war and inflict significant economic harm on the UK. Imports from China could face tariffs as high as 60%.Stephen Moore, who is advising Trump as he prepares for office, stated that the president-elect has a mandate to implement these tariffs, aiming to strengthen American industry and create jobs.
Bailey stated that the altered relationship with the EU has "weighed" on the economy"As a public official, I take no position on Brexit per se," he said. "But I do have to point out consequences."He went on: "The impact on trade seems to be more in goods than services... But it underlines why we must be alert to and welcome opportunities to rebuild relations while respecting that very important decision of the British people.