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How global tariffs are affecting UK shoppers' wallets [Yahoo! Finance]
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Consumers are feeling the strain of rising costs, and as they search for more affordable options, UK retailers are locked in intense competition with both local discount chains and global online stores. Added to this, the legacy of the tariffs introduced by former US President Donald Trump, which are still affecting international trade, has made life even more difficult for traditional UK retailers trying to keep prices low. This article will explain how these factors are shaping what you pay for goods in the UK, and what's driving the intense competition among retailers. Over the past few years, many consumers in the UK have faced rising living costs. To cope with this, they've turned to discount retailers like Aldi and Lidl, who are known for offering lower prices than their larger competitors. These stores sell a wide range of products, including food, household items, and clothing, but they manage to keep their prices lower by selling mostly their own store-branded produc
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