We’d side with EU against Trump in trade war, suggests Cabinet minister
1 month ago

We’d side with EU against Trump in trade war, suggests Cabinet minister

The Telegraph  

Addressing the House of Lords International Agreements Committee on Monday, Mr Reynolds said: “To state the obvious, tariffs on UK goods entering the US would be a difficult thing for us to have to contend with. “But compared to the EU with over £800bn of bilateral trade, clearly if there are things that we are offered or asked to do that would result in an adverse relationship on the European side, we’d have to weigh the consequences of that.” Mr Reynolds added that Britain would be “much more exposed” in a trade war with Beijing than the US. He said: “We have just got to be clear with the British people that if there were to be a much wider trade confrontation between China and the West, as a much more globally orientated trading nation the UK is much more exposed than say the US. “So simply being asked to replicate what another country is proposing might be a much more painful proposition for the UK than it might first appear to people not aware of just how trade-intensity affects our economy.” Mr Reynolds’s comments risk a diplomatic row at a time when Labour is seeking to repair relations with the president-elect. They come just days after Andrew Bailey, the Governor of the Bank of England, said the UK must rebuild relations with the EU as he claimed Brexit had undermined the British economy and warned Mr Trump’s tariffs would hurt global growth.

Trade Mr Reynolds  trade  exposed  minister  british  reynolds  tariffs  trump  war  cabinet  uk  trading  suggests  relations  eu  mr

History of this topic

Who should the UK prioritise relations with – the US or the EU? Join the Independent Debate
6 days, 11 hours ago

Who should the UK prioritise relations with – the US or the EU? Join the Independent Debate

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The changing geopolitical …

Prioritise ties with EU over relationship with Trump, UK voters urge Starmer
2 weeks, 3 days ago

Prioritise ties with EU over relationship with Trump, UK voters urge Starmer

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Trump’s re-election has sparked fears of a global trade war The …

Trump tariffs could hit UK goods trade as hard as Brexit, says think tank
2 weeks, 5 days ago

Trump tariffs could hit UK goods trade as hard as Brexit, says think tank

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Starmer seriously thinks the UK doesn’t need to choose between the US and the EU?
2 weeks, 6 days ago

Starmer seriously thinks the UK doesn’t need to choose between the US and the EU?

The Independent  

The prime minister opened his Mansion House speech on foreign policy with another of his over-emphatic declarations. Now we go cap in hand to the people whom we thought we beat in war.” Keir Starmer is right to say “the national interest demands that we work with both” America and Europe. Blair, too, thought he didn’t have to choose between …

Can Keir Starmer trade his way around Trump’s tariffs?
3 weeks, 4 days ago

Can Keir Starmer trade his way around Trump’s tariffs?

The Independent  

No one knows for sure how Donald Trump will behave once in office – but the warning signs are all there, if you dare look. When it comes to the UK, Trump’s election win has already put into jeopardy Keir Starmer’s deal to hand over the Chagos Islands – where the UK and US share a major air force base …

UK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds
3 weeks, 6 days ago

UK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is prepared for …

Donald Trump’s tariff plans for China, others may cost UK $25 billion
1 month ago

Donald Trump’s tariff plans for China, others may cost UK $25 billion

Firstpost  

If US President-elect Donald Trump imposes tariffs as he promised on the campaign trail, the British economy could contract by 0.9% and lose up to $25 billion, according to an analysis Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. File Image/Reuters US President-elect Donald Trump’s trade …

If Donald Trump demands that Britain chooses between EU and US, there is only one answer we can give
1 month, 1 week ago

If Donald Trump demands that Britain chooses between EU and US, there is only one answer we can give

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Hence the comment from Stephen Moore, …

Starmer warned not to take Trump bullying ‘on the chin’ after senior adviser issues EU Brexit trade threat
1 month, 1 week ago

Starmer warned not to take Trump bullying ‘on the chin’ after senior adviser issues EU Brexit trade threat

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

UK turning away from EU ‘socialism’ would spur Trump on trade deal, adviser says
1 month, 1 week ago

UK turning away from EU ‘socialism’ would spur Trump on trade deal, adviser says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump would be more …

Can Starmer avoid a US trade war without cutting our ties with Europe?
1 month, 1 week ago

Can Starmer avoid a US trade war without cutting our ties with Europe?

The Independent  

There is only one politician Keir Starmer really detests – Boris Johnson. Trump might well try to impose what opinion pollsters call a “forced choice” on the UK, with no “don’t know” option. Trump’s demands would include the UK accepting cheap American food imports such as chlorinated chicken and hormone-fed beef – when the Starmer government has already stumbled into …

Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win
1 month, 1 week ago

Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win

Daily Mail  

The Bank of England governor has called for the 'rebuilding' of ties with the EU as he warned of global trade risks after Donald Trump's bombshell election win. Andrew Bailey insisted the 'consequences' of Brexit could not be ignored as he bemoaned the economy's lacklustre performance since the 2008 Credit Crunch. Amid fears over Mr Trump's vow to impose a …

Britain on way to long-term decline without EU, warns Bank
1 month, 1 week ago

Britain on way to long-term decline without EU, warns Bank

The Telegraph  

Britain must rebuild trade ties with Europe to help stem the economy’s long-term decline, the Bank of England Governor has told Rachel Reeves. The Chancellor echoed Mr Bailey’s remarks, as she renewed Government calls for a “reset” with the European Union after blaming Brexit for some of the UK’s economic woes. She said: “We will not be reversing Brexit or …

Trump's 'America first' policy may undo Brexit impact, play into Starmer's UK-EU relations 'reset'
1 month, 1 week ago

Trump's 'America first' policy may undo Brexit impact, play into Starmer's UK-EU relations 'reset'

Firstpost  

UK Prime Minister Keir Starmer has been vocal about a “reset” in UK-EU relations but ruled out rejoining the single market or customs union As US President-elect Donald Trump prepares to return to the presidency, his “America First” trade stance could complicate Britain’s post-Brexit global ambitions. British officials are bracing for Trump’s proposed tariffs, which would impact British exports to …

DANIEL HANNAN: Trump's election is a golden opportunity for Britain to secure the US trade deal we've wanted for decades - if Keir Starmer has the courage to seize it
1 month, 1 week ago

DANIEL HANNAN: Trump's election is a golden opportunity for Britain to secure the US trade deal we've wanted for decades - if Keir Starmer has the courage to seize it

Daily Mail  

What an opportunity for Britain – if we have the courage to seize it. Donald Trump is signalling that he is open to the kind of trade deal that successive British governments have been pushing for for 40 years. Trump on a State visit in 2019 - he takes huge pride in having met the Royal Family, and often shows …

Threat looms for UK trade: Britain has a lot to lose should Trump get his way on tariffs, warns ALEX BRUMMER
1 month, 1 week ago

Threat looms for UK trade: Britain has a lot to lose should Trump get his way on tariffs, warns ALEX BRUMMER

Daily Mail  

The significance of Britain’s trade with the US cannot be underestimated. The president-elect aims for a 60% tariff on China UK Trade & Investments says that the US is not only Britain’s biggest trading partner but is among the countries of the world with which we have a trade surplus. Britain has more to lose or gain should Donald Trump …

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns
1 month, 1 week ago

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s plans to impose huge tariffs on imports are a …

UK must boost ties with EU following Trump’s re-election, Starmer told
1 month, 1 week ago

UK must boost ties with EU following Trump’s re-election, Starmer told

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Gozi’s intervention …

What are Trump’s tariff plans and what could they mean for the UK?
1 month, 1 week ago

What are Trump’s tariff plans and what could they mean for the UK?

The Independent  

Donald Trump’s election has sparked fears of a global trade war after his campaign pledge to impose levies of 10 to 20 per cent on all goods imported from US trading partners, and up to 60 per cent and 100 per cent for China and Mexico. If the president-elect were to impose 10 per cent tariffs on all goods imported …

Why we won’t get better trade deals out of Trump or the EU
1 month, 1 week ago

Why we won’t get better trade deals out of Trump or the EU

The Independent  

This week Rachel Reeves will use her Mansion House speech in the City of London to “promote free and open trade between nations”. And they are worsening … In the new world of Trump 2.0, we find vice-president-elect JD Vance suggesting that the Americans would drop support for Nato if Europeans tried to regulate Elon Musk’s X network and other …

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs
1 month, 2 weeks ago

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr …

How Trump’s comeback could finally deliver on the promise of Brexit
1 month, 2 weeks ago

How Trump’s comeback could finally deliver on the promise of Brexit

The Telegraph  

David Lammy, the Foreign Secretary, has said that he would seek to broker a deal. “We will seek to ensure and to get across to the United States, and I believe that they would understand this, that hurting your closest allies cannot be in your medium or long-term interests, whatever the pursuit of public policy in relation to some of …

Lammy: UK will seek to persuade Trump hiking tariffs is not in his interest
1 month, 2 weeks ago

Lammy: UK will seek to persuade Trump hiking tariffs is not in his interest

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. David Lammy said he would seek to “get across” to the United States that …

Europe cannot rely on Trump’s protection – it must take the lead on defence
1 month, 2 weeks ago

Europe cannot rely on Trump’s protection – it must take the lead on defence

The Independent  

Even if it was through gritted teeth, most world leaders sent warm, boilerplate congratulations to Donald Trump after his decisive victory in the presidential election. British government ministers did their best to play down some embarrassing tweets dating back to Mr Trump’s first term in the White House, stressing the strength of the special relationship. As a result, Mr Macron …

How Donald Trump could propel Britain back towards the EU
1 month, 2 weeks ago

How Donald Trump could propel Britain back towards the EU

The Independent  

The return of Donald Trump could have two different effects on European politics. But if Trump withdraws support for Volodymyr Zelensky, that will pose painful questions for European countries about how much extra they are prepared to spend to defend the Ukrainian people against Vladimir Putin’s aggression. I suspect that Starmer’s plan is to wait and see whether Trump goes …

What will a Trump White House mean for Britain’s global trade ambitions?
Trending News
1 month, 2 weeks ago

What will a Trump White House mean for Britain’s global trade ambitions?

The Independent  

Though few voice it so crudely, one of the great worries on the minds of British policymakers is whether the soon-to-be-reincarnated President Trump will slap tariffs on UK exports to the United States. The more romantically inclined, preferring to ignore Donald Trump’s record and harsh anti-trade rhetoric, might still wonder if that ever-so-elusive UK-US free trade agreement might even, maybe, …

Trump trade war could spark 'economic nightmare' for UK and Europe
1 month, 2 weeks ago

Trump trade war could spark 'economic nightmare' for UK and Europe

Daily Mail  

Donald Trump's re-election could start a trade war that would be an 'economic nightmare' for Britain and Europe, analysts warned last night. Analysts at ING bank yesterday said Trump's re-election was 'Europe's worst economic nightmare come true', warning investors: 'A looming new trade war could push the eurozone economy from sluggish growth into a full-blown recession.' Major concerns: Donald Trump's …

UK could attempt to talk Trump out of tariff war, Reeves tells MPs
Trending News
1 month, 2 weeks ago

UK could attempt to talk Trump out of tariff war, Reeves tells MPs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK will make “strong …

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts
1 month, 2 weeks ago

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts

Live Mint  

The Bank of England is all but assured to cut interest rates by another quarter point this week, but a second US presidential term for Donald Trump has cast new uncertainty over future policy easing in the UK. Ward agreed that a rate cut on Thursday was “a done deal, as adding to market volatility by not cutting would not …

How a Trump presidency could blow the British economy out of the water
Trending News
1 month, 2 weeks ago

How a Trump presidency could blow the British economy out of the water

The Independent  

What will Keir Starmer be most worried about as he contemplates a second Donald Trump presidency? However, it is now dawning on UK ministers that Trump’s threat to impose 60 per cent tariffs on imports from China and 10 or 20 per cent on those from everywhere else including the UK, could inflict huge damage on the British economy. One …

EU Readies Measures Against Possible Trump Tariffs
2 months, 1 week ago

EU Readies Measures Against Possible Trump Tariffs

Bloomberg  

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. The EU wants to avoid a trade conflict with the US, but it will be ready to respond if Donald Trump wins the election and acts on his threat to hit Europe with punitive trade measures. The bloc has prepared a …

Free trade between China, EU key to globalized world
2 months, 4 weeks ago

Free trade between China, EU key to globalized world

China Daily  

Spanish Prime Minister Pedro Sanchez visited China from Sept 8 to 11. According to a Spanish government news release, during Sanchez's meeting with President Xi on Sept 9, Sanchez "stressed that, in matters on which the positions of Spain and China do not fully coincide, Spain will maintain a constructive willingness for dialogue and cooperation, emphasizing the country's commitment to …

Building tariff castles will only entrench trade war: China Daily editorial
9 months, 3 weeks ago

Building tariff castles will only entrench trade war: China Daily editorial

China Daily  

According to a source at a major UK automaker cited by Politico, "the wheels have started turning" at the United Kingdom's Department for Business and Trade on an investigation into Chinese State subsidies for its electric vehicle makers. They are concerned that the Chinese-made EVs will be diverted to the UK market if the European Union slaps duties on Chinese …

US president Joe Biden ditches trade deal talks with Britain over fears of job losses
1 year ago

US president Joe Biden ditches trade deal talks with Britain over fears of job losses

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Trump’s predecessor, …

UK agrees to join Pacific trade pact in post-Brexit deal
1 year, 8 months ago

UK agrees to join Pacific trade pact in post-Brexit deal

Associated Press  

LONDON — The U.K. has agreed to join an Asia-Pacific trade pact that includes Japan, Mexico and Australia — the biggest new trade deal Britain has struck since leaving the European Union three years ago. The government said membership would reduce tariffs on British dairy products and other goods and remove red tape for services, boosting the U.K. economy by …

Hopes for Brexit US trade deal fade after Rishi Sunak meeting with Joe Biden
2 years, 1 month ago

Hopes for Brexit US trade deal fade after Rishi Sunak meeting with Joe Biden

The Independent  

Rishi Sunak has signalled that the UK has given up on signing a trade deal with the US before the next general election. Asked whether the agreement would materialise the prime minister said there were "lots of different ways" the US and UK could cooperate on trade. He said he was "filled with optimism about our ability to do more …

UK raises stakes in EU feud with threat to break Brexit deal
2 years, 7 months ago

UK raises stakes in EU feud with threat to break Brexit deal

Associated Press  

LONDON — The British government dramatically escalated a fight with the European Union on Tuesday by saying it will pass a law to scrap parts of the trade treaty signed by the two sides less than two years ago. Britain’s Conservative government says post-Brexit trade rules are hurting the economy and undermining peace in Northern Ireland, the only part of …

How a trade war with Europe will spark a fresh cost of living crisis
2 years, 7 months ago

How a trade war with Europe will spark a fresh cost of living crisis

The Telegraph  

“Escalating anything with the EU right now would mean massive self-inflicted price pressures at the worst kind of possible moment,” says Sophie Hale, principal economist at the Resolution Foundation. If talks fall apart, a damaging trade war would be the likely consequence, lumping already-strained households and businesses with further cost increases. An escalation by Brussels may include tariffs on UK …

UK says there is ‘deal to be done’ to resolve feud with EU
2 years, 11 months ago

UK says there is ‘deal to be done’ to resolve feud with EU

Associated Press  

LONDON — Britain’s foreign minister expressed optimism Friday that there is a “deal to be done” to resolve a Northern Ireland trade dispute that has soured the U.K.’s relations with the European Union. Foreign Secretary Liz Truss struck an upbeat tone after her first set of talks with European Commission Vice President Maroš Šefčovič, the bloc’s chief Brexit negotiator. Since …

UK, EU keep talking but stay far apart in Brexit trade feud
3 years, 1 month ago

UK, EU keep talking but stay far apart in Brexit trade feud

Associated Press  

LONDON — The U.K. and the European Union inched away from a diplomatic cliff edge on Friday but remained miles apart in a post-Brexit spat that risks escalating into a cross-Channel trade war. Talks to resolve differences over Northern Ireland trade have dragged on for almost a month, with EU officials increasingly concerned that Britain plans to suspend parts of …

EU and US call truce in Trump-era trade war
3 years, 6 months ago

EU and US call truce in Trump-era trade war

Al Jazeera  

US President Joe Biden and European leaders ended one front in a Trump-era trade war by agreeing to a truce in a 17-year dispute over aircraft subsidies. United States President Joe Biden ended one front in a Trump-era trade war when he met European Union leaders on Tuesday by agreeing to a truce in a transatlantic dispute over aircraft subsidies …

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU
3 years, 10 months ago

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU

LA Times  

A truck driver’s documents are scanned Jan. 1 as he passes a checkpoint in England for the train through the Eurotunnel. The British government says the troubles are “teething problems,” but companies say they are causing serious pain. New customs rules and health checks have prompted him to stop shipping to the EU and to Northern Ireland, which is part …

Opinion: Why Britain must look beyond the US for trade deals
3 years, 10 months ago

Opinion: Why Britain must look beyond the US for trade deals

CNN  

Editor’s Note: Lord Jonathan Marland is chairman of the Commonwealth Enterprise and Investment Council and served as the prime minister’s trade envoy and minister for energy, climate change and business under David Cameron. The landmark UK-EU trade deal worth £660 billion, according to Johnson, just passed through UK Parliament and comes as welcome relief to economies on both sides of …

What now for British economy with UK-EU trade deal reached?
3 years, 11 months ago

What now for British economy with UK-EU trade deal reached?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The last-minute trade deal between …

UK clinches historic post-Brexit trade agreement with European Union
3 years, 11 months ago

UK clinches historic post-Brexit trade agreement with European Union

Live Mint  

The U.K. clinched a historic trade deal with the European Union, averting the threat of an acrimonious breakup and laying the foundations for a new relationship with its biggest and nearest commercial partner. The agreement will allow for tariff and quota-free trade in goods after Dec. 31, but that won’t apply to the services industry -- about 80% of the …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

UK urged to conclude trade deal with EU to limit Brexit cost
4 years, 2 months ago

UK urged to conclude trade deal with EU to limit Brexit cost

Associated Press  

LONDON — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the the British economy, the Paris-based Organization for Economic Cooperation and Development said Wednesday that a trade deal that ensures …

China and the EU: A Tale of Two Summits
4 years, 3 months ago

China and the EU: A Tale of Two Summits

The Diplomat  

Initially planned for March 2020, the 22nd annual EU-China Summit was held by video-link on June 22 due to the COVID-19 pandemic. This was the second EU-China summit after the March 2019 publication of the European Commission’s paper “EU-China – A strategic outlook,” which labeled China as a “systemic rival.” The paper recognized that “the balance of challenges and opportunities …

EU warns UK on commitments ahead of more Brexit trade talks
4 years, 3 months ago

EU warns UK on commitments ahead of more Brexit trade talks

Associated Press  

BRUSSELS — The European Union warned the British government on Monday that any attempt to renege on commitments made ahead of its departure from the bloc earlier this year could put at risk the hard-won peace in Northern Ireland. She said in a tweet that the agreement is an “obligation under international law” and a “prerequisite for any future partnership.” …

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