How Trump's tariff's might hit your household | ITV News

We are witnessing a trade war - and although some of the toughest measures are on hold, tariffs on the UK remain unchanged.

You will have seen stock markets crashing around the world following Donald Trump's 'Liberation Day' - where he announced a host of new tariffs around the world. Fluctuations in the market are nothing new but seeing them happen on a large scale has historically had consequences for us all- even for those who are not big investors.

Initial movements following the US President's announcements wiped billions of pounds off the world's biggest markets.

For those who keep money in stocks and shares, volatile movements can be unnerving.

But what exactly does this mean, and how might the economic consequences of tariffs impact you and your household?

[lwzfog]

😂
blame brexit, blame convID1984, blame putin, blame mysterious black holes, blame 14 year legacy’s, blame orange man bad. the trust the corporate legacy m$m, the state is eternally innocent !

[drhfuhruhurr]

No mention of net zero madness thats already hitting our household's

[LeonWessels-hy]

Price rises might be passed to consumers???? You mean WILL be passed to consumers. Once a company's investors started to get their profits, no way they'll accept a penny raise the price on the backend.

[dukeonthewater]

Everything is The Don's fault 🤣🤣🤣

[BrianWillcox-qphr]

If the economy collapses, inflation will go down due to a lack of growth in the economy, so interest rates will also go down. It will be like it was before, (0.5%, ) the mortgages will be cheaper again but no-one will have a job anymore.