<ul><li>Donald Trump’s tariff war is more likely to lead to price cuts than inflation for many retailers in the UK, according to the boss of WH Smith.</li><li>East Asian suppliers seek alternatives to the US due to increased barriers to trade.</li><li>WH Smith has not experienced any disruptions to deliveries from overseas suppliers due to tariffs.</li><li>Profits at WH Smith's high street business declined while its travel business increased sales and profits.</li></ul>

Tariffs more likely to bring UK price cuts than inflation, says WH Smith boss

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