Last week's announcement of sweeping US tariffs will have a big impact on global trade. The method used to calculate the tax rates to be charged on imports from individual countries has surprised economists. For the UK, cars, pharmaceuticals and machinery are the sectors most likely to be affected.

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Richard Davies, Joshua Hellings and Finn McEvoy

7 April 2025

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Economics Observatory

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https://www.economicsobservatory.com/liberation-day

This Blog is published under the centre's Growth programme.