The UK could be spared the impact of Donald Trump’s proposed tariff increases on foreign imports, a US governor has told Sky News.

The day after the victory of the Republican candidate decisive election victory against Kamala Harris this week, attention turns to what the former president will do when he returns to the White House.

Mr. Trump said he wants to raise tariffs – taxes on imported goods – on goods from around the world by 10%, and raise them to 60% on goods from around the world. Chinaas part of his plan to protect American industries.

But foreign capitals fear what it could do to their savings. Goldman Sachs has lowered its forecast for UK economic growth for next year from 1.6% to 1.4%, while EU officials expect a reduction in exports to the United States of €150 billion (£125 billion).

However, New Jersey Governor Phil Murphy – a Democrat – believes Mr Trump could consider not including the UK in the tariff plans.

Speaking on Sunday Morning with Trevor Phillipsthe governor said he could not speak for the president-elect but had a “good relationship” with him.

His hunch is that Mr. Trump will not impose tariffs on products from allies like the United Kingdom. “But if I’m in China, I’m wearing my seat belt right now,” he said.

Mr Murphy said Mr Trump could look favorably on the UK after it leaves the European Union.

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The president-elect is considering offering the United Kingdom a special deal that would exempt British exports from billions of pounds of tariffs, according to The Telegraph.

“Donald Trump (has) some sympathy for the renegade who has courage,” Mr. Murphy continued. “I think there’s a little bit. I think it’s a card that can be played. We’ll see.”

He was asked if British Prime Minister Sir Keir Starmer can establish a relationship with the new president, Mr. Murphy said: “I have managed to find common ground with President Trump, and I am a proud progressive, even though I am a cold-blooded capitalist, which is probably the case. of me that President Trump resonates with.”

Chancellor Rachel Reeves said she “Confident” trade flows with the United States will continue despite the price proposal.

You can watch the full interview with Governor Phil Murphy as well as other guests Sunday morning with Trevor Phillips starting at 8:30.