A City investment bank has said the UK is one of the best-positioned countries to manage the brewing trade war caused by US President Donald Trump’s tariffs.
Since Trump unveiled his sweeping tariffs last week, stock markets around the world have been collapsing, and analysts have been quickly downgrading expectations for global growth.
However, the domestically-focused FTSE 250 is down less than six per cent since the tariffs were announced, compared to almost 10 per cent for Europe’s Stoxx 50, 13 per cent for Hong Kong’s Hang Seng index, and seven per cent for the US Dow Jones.
While Prime Minister Keir Starmer has said he is attempting to sign an agreement to limit the impact of tariffs on the UK, some analysts have argued that the British economy may be able to get through relatively unscathed.
City AM’s Investment Repoter, Elliot Gulliver-Needham, explains the seven ways the investment bank Berenberg believes the UK might be safer than we think.
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