Trump this week unveiled a baseline 10% tax on all imports to the United States and a roster of harsher levies on major American trading partners. The administration had already imposed a 25% tariff on imported steel and aluminum, and it plans to impose a 25% import tax on finished cars and car parts.

The British economy is expected to grow at the sluggish pace of 0.8 per cent this year as Donald Trump's tariffs are expected to damage the global economy