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Bloomberg UK Politics

Tariff Talk: UK Hopes For US Deal As EU Vows Response

Feb 11, 2025
Kevin Whitelaw, Bloomberg's Brussels Bureau Chief, dives into the UK's trade strategies post-Brexit, highlighting their distinct approach compared to the EU's plans for retaliatory tariffs. He discusses the UK’s optimism for a tariff-free agreement with the US, especially regarding steel and aluminum, amid potential EU countermeasures. The conversation covers the complexities of maintaining strong diplomatic relations while navigating the impacts of past US trade policies under Trump, all while emphasizing the UK's vision for a balanced trade future.
13:06

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Podcast summary created with Snipd AI

Quick takeaways

  • The EU is preparing retaliatory measures against US tariffs, showcasing a united front to protect its economic interests.
  • The UK aims to avoid tariffs through a proactive free trade strategy, seeking to strengthen its post-Brexit trade relationships.

Deep dives

Impact of Trump's Tariffs on Global Trade

Donald Trump announced a plan to impose 25% tariffs on all steel and aluminum imports, which has garnered significant attention from economists and investors. The European Union responded swiftly, expressing strong dissatisfaction and promising 'firm and proportionate countermeasures' against these tariffs. German Chancellor Olaf Scholz emphasized the EU's resilience in dealing with potential economic repercussions, highlighting the bloc's united front despite individual country concerns. Meanwhile, the UK government is taking a different approach, aiming to avoid tariffs altogether in an effort to maintain trade relations and prevent an escalation into a trade war.

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