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UK politicians 'taking advice' on impacts of Trump's proposed tariffs
British government officials are taking advice on the possible impact of Donald Trump's proposed tariffs on the UK economy.
The president-elect has previously said that he would increase rates on goods imported into the US from around the world by 10%, rising to 60% on those which come from China.
Officials at the Department for Business and Trade have commissioned advice and forecasts on several economic scenarios that could unfold in the second Trump presidency.
A government source said: "As anyone would expect, we monitored the US election campaign closely and made sure we were well prepared for any outcome.
"We will continue to monitor developments, take advice and build relationships with counterparts to ensure we are placing Britain in the best possible position.
"We look forward to working closely with President Trump's team to strengthen UK-US trading relations to support businesses on both sides of the Atlantic."
The former UK ambassador to the US, Lord Kim Darroch has written in The Observer newspaper that he expects Mr Trump would carry out his "threat" of tariffs.
He said: "I think Trump will impose tariffs on all US imports immediately and say 'if you want them lifted, offer me something to rebalance trade'.
"The EU will almost certainly retaliate; and the UK will face a difficult decision. Do we match EU retaliatory tariffs? Or do we seek a bilateral deal, like a free trade agreement?"
Meanwhile, Kemi Badenoch, the leader of the Conservative Party has written in The Sunday Telegraph that the return of Mr Trump to the White House is a "golden opportunity" for Britain to secure a trade deal with the US.