President Trump has delayed tariffs on Canada and Mexico for one month. However, tariffs will remain on China, and Trump also suggested that he impose tariffs on EU and UK goods.
A tariff is a tax that importers pay when buying certain goods from specified countries. It protects domestic firms’ revenues but can also result in higher consumer prices.
When asked by a reporter about these suggested tariffs on the UK, Trump responded “The UK is out of line. But I’m sure that one… can be worked out”, he did not specify what he meant by “out of line.” He further stated that tariffs on EU goods imported to the States could happen “pretty soon.”
The Student spoke to members of the University to ask them what they thought of Trump’s suggested plans.
One American student said, “I already struggle to afford basic items, and if Trump imposes these tariffs, it won’t make much difference simply because I am already struggling. But I hope whatever he and our government decides to do, it will benefit us rather than hurt us.”
Another stated that they didn’t know what tariffs were and didn’t think it would affect them.
A third responded by saying “I think the tariffs would affect everyone and make everything more expensive, I hope Trump doesn’t start a new tariff policy on us.”
If Trump decided to impose tariffs on UK and EU goods, this could affect around £60bn.
For students at the University, these tariffs would not affect them mainly at first but eventually, there would be an increasing number of signs, such as a worsening of the cost of living or the lessening of non-UK products. Therefore, students shouldn’t be too worried about how this will affect them but, should still be aware of the tariffs’ potential implications.
“Donald Trump Signs The Pledge” by Michael Vadon is licensed under CC BY-SA 2.0.