President Trump announced reciprocal tariff plans that will commence in April, marking a significant but delayed step towards trade reform. Meanwhile, the UK's economy saw unexpected growth of 0.1% in Q4 2024, though overall economic momentum remains weak with serious concerns about stagflation looming. In the background, markets reacted positively to the tariff plans, while analysts remain skeptical of the UK’s economic outlook influenced by upcoming government cuts and rising National Insurance contributions. This juxtaposition illustrates a complex economic landscape full of uncertainty and cautious optimism.
President Trump signed a Presidential memorandum to announce reciprocal tariffs, but they won't take effect until April, leaving time for potential negotiations.
Despite the 0.1% growth in the UK economy, concerns about stagflation and impending National Insurance hikes continue to cast a pall over optimism.
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