Trump's Tariffs and the UK

Donald Trump’s presidency is marked by significant changes to the trade relationship between the United States and the UK, particularly regarding tariffs on goods. Currently, Britain appears to be spared from the major 25% tariffs imposed on steel and aluminum directed at the European Union, which offers a temporary relief. However, experts caution against complacency, noting that the evolving economic dynamic between the two nations is increasingly resembling a master-servant relationship, as highlighted in discussions within the podcast. The bilateral trade deficit means that Britain may be less of a target for tariffs, but British companies are still likely to feel the unintended consequences of the tariffs aimed at other nations.