UK Faces Trade Dilemma Amid Global Tensions

According to BlockBeats, on February 4, economists from Pantheon Macroeconomics reported that the United Kingdom might have to choose sides between the United States and Europe in ongoing trade conflicts, even if it avoids direct tariffs from the U.S. The UK's economy is significantly exposed to global trade disruptions, with imports and exports comprising 64% of its GDP. In light of potential fiscal stimulus responses from other countries, the UK may need to take U.S. President Donald Trump's other threats more seriously, including tax cuts and immigration policies that could drive inflation. These actions by Trump are expected to have a hawkish impact on UK policy.