Danni Hewson: Trade war could dampen growth

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00:00Yes, indeed. And as you say, the markets haven't really reacted because they sort of in this

00:05weird pattern where they're waiting to see exactly what happens. But analysts are predicting

00:10tariffs may escalate global trade tensions and inflation. How likely is this and what

00:17could it actually mean for consumers? Yeah, I mean, if we do start to see that tit

00:22for tat reciprocal tariffs that we are very concerned about, then it would potentially

00:29push up prices. That would increase inflation. Of course, that's bad for consumers. When

00:35we first started talking about tariffs, I think the expectation had been that the United

00:41States consumer would be impacted first. And that's certainly even something that Donald

00:47Trump has finally alluded to when making comments about tariffs. But of course, as

00:52soon as you start to get into a situation where you're gumming up the works of global

00:57trade, then it does start to increase costs and that filters through to inflation. But

01:03another thing, of course, which it could potentially do, it could really dampen global economic

01:09growth over the next few years.