Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Donald Trump has slapped massive tariffs on all goods imported to the US, a move that could see prices soar for British consumers on everyday items. The US president confirmed on Wednesday a sweeping tax on imports from every country worldwide, effective immediately as part of his 'Liberation Day' event - with goods from Britain now incurring a new 10% charge. Downing Street has not yet responded with any reciprocal tariffs on US goods. On Wednesday, Prime Minister Keir Starmer told MPs in the Commons that his Government would take a "calm, pragmatic approach" and concentrate on "keeping our feet on the ground." American consumers have been cautioned to brace for price hikes as the cost of importing goods mounts - but the inflationary effects of the trade war are expected to be felt worldwide, indicating that prices may also climb in the UK. Here's a look at some of the everyday items that might be hit by the newly announced tariffs. Cars Trump's previously declared 25% tariff on all automobiles and vehicle parts will come into force on April 3, and this could unexpectedly impact Brits looking to buy a new car in the UK. This is due to many leading car manufacturers, especially high-end European brands such as Mercedes Benz and BMW, relying heavily on the US market for sales. As a result, they might increase UK prices to offset the losses they'll incur from the tariffs. The British car industry is holding its breath as Donald Trump's tariffs loom, threatening to drive up prices for high-end motors. The UK, which shipped 16.9% of its cars across the pond last year, could be among the hardest hit if these trade measures are enforced. Experts at the Institute For Public Policy Research (IPPR) have sounded the alarm, suggesting these tariffs might "completely destabilise" the automotive sector. Iconic brands such as Jaguar Land Rover and Mini could face significant challenges. In response to these concerns, the IPPR has urged the Government to rev up incentives that would boost the domestic electric vehicle market. Their policy prescriptions include slashing VAT on public charging points to accelerating grants for low-income folks keen on purchasing electric cars. Mortgages Interest rates tied to mortgages in the UK could also be affected by global economic inflationary pressures. With the Bank of England at the helm of setting these rates, homeowners might not see the anticipated rate cut anytime soon due to ongoing turbulence in the global financial markets. Senior Personal Finance Analyst at Interactive Investor Myron Jobson weighed in: "If tariffs contribute to higher inflation, central banks may be forced to tighten monetary policy, which can weigh on bonds and borrowing costs. This could impact everything from mortgage rates to corporate investment, potentially slowing economic growth. "For investors with exposure to US equities - either directly or through pension funds and ISAs - this could translate into market turbulence. Any sell-off in US stocks could drag down the performance of funds with heavy US exposure - not least global funds as they typically have a substantial weighting to US equities." Cans and kitchen foil Foil, kitchenware, and drinks cans for sale might feel the pinch from Trump's recently instated tariffs on aluminium imports to the States, activated just last month. This is because firms that craft aluminium-based wares and ferry them around the globe may offload the added costs of exports onto customers and businesses in the UK, potentially hiking prices. And it opens a can of worms for other industries that are big on aluminium goods, like construction -- brace for impact. Food and plastic goods Given the UK's reliance on foreign products, shoppers could see price tags inching up all over supermarket aisles. Take food, where about 48% of food in the UK is sourced from overseas, a hefty slice coming from the EU. Now, with the EU copping a 20% tariff whack on all its exports to the US, wallets could feel thinner. China, the powerhouse churning out oodles of our plastic items, is now coughing up an even heftier 34%. The resulting economic tremors in these places could spark inflation, which means some of us might face steeper prices on the imported goods we're fond of. Looking for more from MyLondon? Subscribe to our daily newsletters here for the latest and greatest updates from across London.