Coffee House Shots Trump vs Europe
5 snips
Feb 3, 2025 In this discussion, Kate Andrews, a political commentator with a keen eye on economics, and Charles Grant, director at the Centre for European Reform, delve into Trump’s escalating tariff policies. They analyze the implications for the UK and EU as Trump labels their trade relationship an ‘atrocity.' The duo also examines the delicate balancing act the UK faces in its post-Brexit dealings and how Labour's approach to EU negotiations might shape future ties. Expect insights into trade dynamics and the impact of fishing rights on negotiations.
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Tariff Targets
- Trump's tariffs target countries with which the US has a trade deficit.
- The UK, having a surplus, has been largely exempt, but Trump now suggests potential tariffs.
EU's Tariff Concerns
- The EU doesn't expect the UK to help if Trump imposes tariffs, but resentment might arise from a sweetheart deal.
- The EU is worried, given 20% of its exports go to the US, with Germany, Ireland, and Italy most vulnerable.
Labour's Focus
- Labour seeks closer EU ties for growth amidst shared economic struggles with the bloc.
- Focusing on mitigating Trump's trade war outweighs UK-EU trade talks currently.