Britain will face a bigger economic hit than Brexit if Donald Trump wins the United States presidential election and embarks on a trade war with China, security officials have warned.
The Republican nominee has revived his “America first” economic agenda as he battles with Kamala Harris, the Democratic candidate, for the White House. He has pledged to impose a blanket tariff of at least 10 per cent on all imports, with tariffs as high as 60 per cent from goods on China.
The Times has been told that security officials have privately raised concerns about the economic impact of an American trade war with China. There are concerns the UK could end up as “collateral damage”, hit by tariffs imposed by both economic superpowers. It
