A recent analysis by the University of Sussex’s CITP suggests that if President-elect Donald Trump enforces a 20% tariff on all imports, UK exports could suffer a £22bn decline, translating to a 0.8% reduction in economic output. Key sectors, including fishing, petroleum, and mining, may face significant losses, while some industries could see potential benefits from reduced competition with Chinese exports. UK officials are considering strategies to mitigate these impacts, emphasizing the importance of maintaining strong trade relations with the US to avoid a trade war’s broader economic repercussions.