Richard Madeley defends Donald Trump's controversial tariff decision after 'warning'

Good Morning Britain presenter says "has a point" following his recent decision to impose tariffs on various countries, including the UK.

The 68-year-old host believes Trump's plan is an attempt to rectify "one-sided arrangements" and balance America's trade relationships.

Despite widespread criticism from global stock markets and economists, Richard argues that the tariffs were necessary, even if they may harm .

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In his Daily Express column, he wrote: "But, like so many of The Donald's swaggering, bombastic, and mostly unpopular (outside of the US) policies and statements, you have to... concede that the man, well, has a point....And we can't say he didn't warn us, can we?"

cites the example of the new tariff on UK cars exported to , pointing out that the UK imposes its own tariff on US cars sold in the country.

He acknowledges that the effectiveness of the is uncertain, but believes that Trump's actions are a necessary step towards achieving a more balanced trade relationship.

The presenter has also suggested that "ordinary US taxpayers" reckon they've been duped for too long.

But, in a twist of irony, it's these very same folk who may bear the brunt of surging prices, potentially deepening America's cost of living woes as proposed hikes get passed along to them, reports the .

The US might be a powerhouse capable of producing a vast range of goods domestically, but it still leans heavily on imported products for its daily essentials and little luxuries.

Short-term significant price upticks are anticipated both within the States and internationally due to dependency on imports. Items potentially seeing a rise in costs include; trainers, coffee, booze, motors, overseas grub, tech gadgets, and fashion wear.

Further troubling news is economists' prediction that 's trade stances could lead, not just to soaring retail prices, but also financial self-sabotage, potentially throttling the nation's economic growth.

Jerome Powell, Chair of the Federal Reserve, said that Trump's imposed tariffs are set to bring about higher inflation and a slowdown in economic pace.

Speaking at a recent event, he added: "While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected.

"The same is likely to be true of the economic effects, which will include higher inflation and slower growth. The size and duration of these effects remain uncertain."

He added: "While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent."

Meanwhile, in , another expert claimed that Trump's tariffs were nonsensical. They said: "The president says tariffs are needed to close America’s trade deficit, which he sees as a transfer of wealth to foreigners.

"There is no reason why his extra tariffs should eliminate the deficit. Insisting on balanced trade with every trading partner individually is bonkers....This catalogue of foolishness will bring needless harm to America. Consumers will pay more and have less choice."