Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns Republican nominee’s protectionist policies, including against Britain, would harm domestic economy

UK growth would be halved in the event Donald Trump wins the US presidential race and imposes the swingeing new tariffs he has threatened, a leading thinktank has warned.

The National Institute of Economic and Social Research (NIESR) said the protectionist measures planned by the Republican challenger for the White House would result in weaker activity, rising inflation and higher interest rates from the Bank of England.