Business School analyses impact of Trump's tariffs
By: Mariam Zubair
Last updated: Monday, 11 November 2024
The University of Sussex Business School has received significant media attention for its analysis of US President-elect Donald Trump's proposed tariffs and their impact on the UK economy. Our experts from the Centre for Inclusive Trade Policy (CITP) have been featured in major publications including BBC News, The Guardian, The Times, The Financial Times, Forbes, The Independent, Sky News and Al-Jazeera, sharing their important insights on this issue.
Dr Nicolo Tamberi's research suggests that Trump's tariffs—60% on goods from China and 20% on goods from the rest of the world—could reduce UK exports by £22 billion and cut economic output by 0.8%. Key sectors like fishing, petroleum, and pharmaceuticals could be the hardest hit.
This research is important as it not only shows the economic impact on the UK but also the broader effects on global trade. Previous CITP studies also indicate that US citizens could face costs of around $2,000 per year due to these tariffs.
Our Business School continues to be a leading voice in the discourse on international trade policy, providing valuable insights and guiding informed discussions on how these geopolitical shifts can affect both domestic and global economies.