The Rest Is Money

168. Is Trump’s Deal Good for Britain?

May 9, 2025

What makes the UK’s new tariff deal with the US so contentious? Robert and Steph dissect the thorny negotiations and their potential fallout, especially for iconic brands like Jaguar Land Rover. They also share a comical tale of a political reporting misadventure that involved a botched taxi ride. Plus, the discussions touch on the digital services tax and its implications for tech giants and public health. With insights on interest rate changes, there's a mix of finance, humor, and international intrigue that keeps things lively!

31:22

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Quick takeaways

The new UK-US trade deal reduces vehicle tariffs but raises concerns about its one-sided nature and long-term economic impact.

Interest rate cuts by the Bank of England reflect caution regarding the UK economy's recovery amid ongoing uncertainties and divisions among policymakers.

Deep dives

Trade Deal Insights

A new trade deal between the UK and the US is highlighted, focusing on the complexities of tariffs on automobiles and steel. The agreement reportedly reduces motor vehicle tariffs to 10% but raises concerns about quotas, particularly for manufacturers like Jaguar Land Rover. The negotiations have been criticized for potentially being one-sided, benefiting the US while imposing stricter tariffs on UK exports. The limited nature of the deal, rather than a comprehensive trade agreement, raises questions about the long-term benefits for the UK economy.