11 April 2025 | Other

UK economy will not benefit from US tariff pause — Bloomberg

UK economy will not benefit from US tariff pause — Bloomberg

Bloomberg reports that the economic situation in the UK will not improve after Donald Trump’s surprise tariff pause. The US President announced temporarily bringing rates for most countries down to 10%. 

Thus, Britain, whose goods were initially subject to a 10% levy, lost its advantage over other US trading partners. Additionally, Trump’s chaotic policy is to deter investment in the UK, the news agency says. 

At the same time, the pause in raising US import duties may keep the Bank of England from cutting rates on May 8, Bloomberg reports.

Michael Saunders, former central bank rate-setter, believes the UK could face slower GDP growth and lower inflation rates. Deutsche Bank economists warn of a possible recession in the country caused by trade uncertainty. 

Besides, experts project the government will launch an emergency loan program with 10 billion pounds ($13.1 billion) of support for British companies affected by the duties. Chancellor of the Exchequer Rachel Reeves may also opt out of the new fiscal rules.

Anton Volkov MarketCheese
Period: 14.11.2026 Expectation: 3500 pips
Sell Bitcoin with $75,000 in view
30 October 2026 81
Period: 14.11.2026 Expectation: 150 pips
Go short on SPX down to $7,500
30 October 2026 102
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
29 October 2026 81
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
29 October 2026 85
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
28 October 2026 113
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
28 October 2026 129
Go to forecasts