The UK Government is currently monitoring the potential implementation of Donald Trump's proposed tariffs, as indicated by a senior minister. Chancellor of the Duchy of Lancaster, Pat McFadden, emphasized the need to remain cautious and evaluate the repercussions of Trump's tariffs. The British Chambers of Commerce have cautioned that the tariffs may result in increased costs and uncertainty for investors, businesses, and consumers globally. Economists have projected a possible £24 billion decline in the British economy if Trump's tariffs are enforced.