Political Fix Trump’s trade war: trouble ahead for Britain
8 snips
Apr 4, 2025 Joining host Lucy Fisher are Robert Shrimsley, a British politics expert from the FT, Jim Pickard, seasoned in economic affairs, and Peter Foster, who specializes in trade and tariffs. They dive into the ramifications of Trump's new 10% tariffs on UK exports, spotlighting the looming threat to Britain's economy. The group discusses the response from Sir Keir Starmer, and debates whether the government's growth strategies, like expanding Luton airport, are genuine solutions or mere distractions from deeper issues.
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Impact of Tariffs
- The 10% levy on UK exports to the US poses a challenge to specific sectors.
- The larger concern is the potential disruption to the global economy.
Avoiding Retaliation
- Avoid retaliatory tariffs, as they would worsen the economic situation.
- Encourage level heads to prevail to prevent further escalation.
Trump's Trade Goals
- Trump's tariffs might aim to restructure global trade, not just gain concessions.
- His focus is on reviving US manufacturing, echoing his long-held views.