20.01.2026, 05:03
In Britain was announced the threat of recession due to Trump's duties
Source: OREANDA-NEWS
OREANDA-NEWS The possible imposition of duties by US President Donald Trump could trigger a recession in the UK. This was stated by the British edition of The Telegraph.
It is noted that in this case, the UK economy could lose up to 21.6 billion pounds.
"Given that the UK economy is currently growing by 0.2–0.3 percent per quarter, if this blow is struck immediately, it could trigger a recession," the article says.
Earlier, US President Donald Trump announced the imposition of duties against a number of European countries due to the situation around Greenland.
Later, the head of the kingdom's Foreign Ministry, Lars Loekke Rasmussen, said that Denmark has its own red lines that cannot be crossed. The diplomat stressed that "right now it is important that the European Union (EU) and its allies defend the principles of territorial integrity and sovereignty."
It is noted that in this case, the UK economy could lose up to 21.6 billion pounds.
"Given that the UK economy is currently growing by 0.2–0.3 percent per quarter, if this blow is struck immediately, it could trigger a recession," the article says.
Earlier, US President Donald Trump announced the imposition of duties against a number of European countries due to the situation around Greenland.
Later, the head of the kingdom's Foreign Ministry, Lars Loekke Rasmussen, said that Denmark has its own red lines that cannot be crossed. The diplomat stressed that "right now it is important that the European Union (EU) and its allies defend the principles of territorial integrity and sovereignty."
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