The Trump administration’s trade policies are likely to hurt the US economy and undermine the world’s trade system, the IMF has warned.

IMF Director Christine Lagarde said a trade war would lead to “losers on both sides” and could have “serious” impact.

The findings come at a time when Britain is looking at global trade in the post-Brexit era.

Its time our politicians size up just how challenging an environment they are expecting our businesses to work in.

That’s before you factor in the waves of disruption that have started to hit more and more sectors.

In this context the government needs to work harder to explain where the much-vaunted industrial strategy is at.

Chancellor Philip Hammond and Business Secretary Greg Clark must now step up and address Britain’s business leaders on this urgent matter.