International trade

What could a US-UK trade deal look like?

13 min listen

Trump’s levies have kicked in today: including an astonishing 102 per cent tariff on China – after it missed the deadline to withdraw its retaliatory tariffs – and 20 per cent on the European Union. The combination of these explosive tariffs has sent markets sliding once again. This follows a slight recovery in the markets yesterday after suggestions by some in the Trump administration that they may be willing to negotiate the tariffs down. In the UK, the economic uncertainty has ‘turbocharged’ plans which have been whispered around Westminster for some time, including nationalising the British steel industry. Attention has also turned towards a trade deal with the US, and

How coronavirus could change the global order

As much as it is a threat, Coronavirus is also an opportunity. This clear demonstration of the chaos that the unseen can cause both advanced and developing nations gives global leaders the chance to reset positions and behaviour. In Coronavirus and Sars, China has been at the epicentre of genuinely life-changing diseases. The circumstances in which these illnesses developed are completely at odds with the animal welfare and health and safety regulations common in most developed nations. Western diplomacy might, if used judiciously, change Chinese behaviour while Beijing is on the defensive The trade in snakes, pangolins, bats and other wild animals has been outlawed by the Chinese authorities. Beijing has