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May 29, 2025
Simon Spurrell, Director of Hartington Creamery, shares insights from the UK dairy industry's response to shifting Brexit agreements and new U.S. court rulings on tariffs. He discusses how these changes uniquely impact small versus large businesses, especially during economic volatility. Spurrell also dives into NVIDIA's impressive growth despite geopolitical challenges, emphasizing the importance of innovation in uncertain times. He touches on the role of rare earth elements and their implications for global markets, ultimately reflecting on the evolving economic landscape.
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Brexit Trade Reset Benefits Producers
- The resetting of Brexit-related trade rules is expected to ease red tape for UK food producers exporting to the EU.
- Reciprocal removal of paperwork and checks could restore access to key EU markets for small producers.
Court Limits Tariff Authority
- A US court ruled President Trump lacked authority to impose certain tariffs using emergency powers.
- The court affirmed that only Congress can set trade policy, impacting tariffs worldwide.
Tariffs Harm Small US Businesses
- Frequent tariff changes create instability and confuse the US economy.
- Small businesses suffer most while big corporations adapt more easily.