US tariff threats over Greenland: what does this actually mean for the UK economy?

Martin Beck, Chief Economist | Economic Consulting and Analysis

Proposed US tariffs on UK goods would hit a relatively small share of the UK economy. However, the impact could be significant for exposed manufacturing sectors, with wider risks from retaliation, weaker business confidence and disrupted global trade. If sustained, US tariffs could reduce UK GDP by around 0.5% by the end of the decade and increase pressure on the public finances.