Five ways Donald Trump’s UK tariffs will hit YOUR wallet from mortgages to inflation

DONALD Trump has announced tariffs on all goods imported to the US, which could see the price of some everyday items rise in the UK.

The US president confirmed all goods imported from the UK will be subject to a new 10% tariff.

ReutersDonald Trump announced a range of tariffs in his speech on Wednesday[/caption]

He also announced tariffs on imports to the US from every country in the world as part of his Liberation Day speech on Wednesday.

Tariffs are taxes that are added to goods imported into a country.