What are the economic consequences of Trumps' proposed tariffs?

Markets have tumbled in reaction to Trump's tariffs as he warns the UK is 'out of line' on trade with the US. Donald Trump's tariff's are going to have "big economic consequences" for the world, Sky's economics and data editor Ed Conway explains. He says that Trump's first term in the White House had been a rollercoaster and this time "it's clear it's going to be the same". Read more: https://news.sky.com/story/trump-latest-president-tariffs-trade-war-canada-live-news-13209921 SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales