Trump and Ongoing Brexit Troubles Combine to Threaten UK Trade

The UK’s trade in goods is set to grow by an average of just 0.7% a year in the decade from 2023, well behind the global average of 2.9%, according to a report published Monday by Boston Consulting Group. Post-Brexit frictions will continue to hinder trade with the European Union, while higher US tariffs under President-elect Donald Trump will weigh on UK exports, BCG said. It added that Britain will be buffeted by US and EU efforts to divert their supply chains away from China. Last year, it had expected...