Will Donald Trump's tariffs raise UK insurance coverage costs?
After revelations that the US has slapped several of the world’s largest economies with export tariffs, the insurance market in the UK prepares for increased costs. This comes as US President Donald Trump revealed his economic attack on the world, including hitting the UK with a 10 per cent tariff and a 20 per cent levy on the European Union. In a colourful speech late Wednesday night, Trump claimed the tariffs would ensure the US could use “trillions and trillions of dollars to reduce our taxes and pay down our national debt, and it will all happen very quickly”. The move will be a blow to many UK businesses and sectors, including the insurance sector. Click the link in our bio to read more of the story 🔗 #insurance #tariffs #donaldtrump #trump #uk #uknews #ukeconomy #news #economy #economics #politics #politicalnews #business #businessnews #insurancemarket