The Trump administration's new tariffs, including a 10% duty on nearly all UK imports, threaten to raise consumer prices and disrupt economic stability. British exporters, such as food and beverage retailers, report declining orders as US retailers brace for higher costs. Notably, the automotive sector faces potential price hikes, with new vehicle costs projected to rise significantly. Experts warn that low-income households will feel the worst impact, as they spend a larger share of their income on essential goods. The overall economic landscape indicates rising inequalities, exacerbated by retaliatory tariffs from countries like China, adding to the volatility of international trade.