Britain cooperates closely with the United States in trade, exporting Land Rover cars, equipment, chemicals and medicines there. This dependence makes British businesses vulnerable to the trade plans of Donald Trump, who promised to raise tariffs on imports. The United States is a key market for 9 of the 15 sectors of British exports, which is more than Germany and France. Despite the significant services sector, the export of goods is important for the British economy. The American market is also important for AstraZeneca and GSK Plc pharmaceutical companies, which receive a significant portion of their sales in the United States. The total volume of trade between the two countries exceeded £300 billion in a year, and the United States is currently the UK's largest trading partner. Nevertheless, analysts warn that even if the impact of Trump's tariffs is limited, his protectionist policies could negatively affect jobs, incomes and growth. In the worst case scenario, Trump's trade policy could lead to a decline in UK GDP of more than 1%. Even if Trump chooses a more moderate approach, the uncertainty of his plans is likely to have a negative impact on demand.
