tariff

If he goes ahead and introduces tariffs - a tax imposed by one country on the goods and services imported from another - it could lead to a rise in prices, including in the UK, economists say.

Eric Trump also suggested Swinney's original remarks could affect Scotland's ability to negotiate on tariffs - Donald Trump has vowed to tax all goods imported into the US if he returned to the White House.

The agency would play a key role in carrying out tariffs, which Trump has suggested expanding significantly.

It is often a key player in areas where business and national security interests collide, such as restricting technology exports to China or enacting tariffs to protect US steel.

Stanley Black & Decker and AutoZone noted on earnings calls they would raise prices if faced with tariffs.