Posted in News UK ‘faces £24bn hit to economy’ if Donald Trump imposes tariffs to offset VAT February 12, 2025 There are fears Donald Trump could impose 21 per cent levy on goods from Britain in order to offset the impact of VAT. https://www.dailymail.co.uk/news/article-14388213/UK-faces-24bn-hit-economy-Trump-imposes-tariffs-offset-VAT-amid-warnings-economic-shock-force-Labour-hike-taxes-AGAIN.html?ns_mchannel=rss&ns_campaign=1490&ito=1490