World

In the near three-decade history of the annual round of UN climate conferences, the Baku Cop29 stands out. There have been disastrous Cops before. For those with long memories, there was Cop6 in the Hague after George W. Bush narrowly won the 2000 presidential election, which was disrupted by protestors and the outgoing American climate negotiator had a cake thrown at him. Then there is the Copenhagen Cop15, when the Global South, led by China, India, Brazil and South Africa, sunk a binding climate treaty that would have required them to cap their emissions. But never before has there been the indifference and mass absenteeism that marks the Baku Cop.

Last week the National Institute of Economic and Social Research said Britain ‘would be one of the countries most affected’ by Donald Trump’s proposed tariffs, with growth cut by 0.7 percentage points in year one, 0.5 percentage points in year two, and inflation 3-4 points higher. But research from Oxford Economics today suggests the impact would be ‘limited’, even in the worst-case scenario.  During the election campaign, Trump suggested putting tariffs of 10 or 20 per cent on all imported goods – except those from China and Mexico, which would be stung with 60 or even 100 per cent rates. At the moment, average UK tariffs on goods from the US