Back to today’s briefing

Story perspectives

US Tariffs Cause $1.4 Trillion Global Welfare Loss

4/3/2025

31 5

Summary

Story summary

Aston Business School's report reveals a staggering $1.4 trillion global welfare loss due to US tariffs. While the UK grapples with vulnerabilities, there’s hope in post-Brexit adaptation through trade diversification and stronger supply chains. Policymakers must prioritize long-term stability over short-term gains and foster better UK-EU cooperation for a resilient future.

1 of 1

Story summary

Aston Business School's report reveals a staggering $1.4 trillion global welfare loss due to US tariffs. While the UK grapples with vulnerabilities, there’s hope in post-Brexit adaptation through trade diversification and stronger supply chains. Policymakers must prioritize long-term stability over short-term gains and foster better UK-EU cooperation for a resilient future.