theguardian.com
Trump's Victory: Impact on US-UK Trade
Analysis of the potential impact of Donald Trump's presidency on US-UK trade relations, focusing on the concerns and perspectives of New Jersey Governor Phil Murphy and other experts.
English
United Kingdom
PoliticsInternational RelationsEconomyUs PoliticsUkTradeInternational TradeGlobal Affairs
Us Embassy In LondonNew JerseyBank Of EnglandNational Institute Of Economic And Social ResearchBluebay
Donald TrumpPhil MurphyJonathan ReynoldsKeir StarmerAndrew BaileyMark DowdingJoe BidenKamala HarrisBarack Obama
- What is the major concern raised by Trump's election victory regarding trade?
- Trump's victory raised the prospect of a renewed global trade war, with potential tariffs on goods imports from US trading partners, including the UK.
- What was the main purpose of New Jersey Governor Phil Murphy's trip to London?
- New Jersey Governor Phil Murphy's visit to the US embassy in London to promote trade links with Britain became an exercise in damage limitation after Donald Trump's election victory.
- What is Murphy's perspective on Trump's potential trade policies towards the UK?
- Murphy believes that Trump's campaign trail threats might not be fully implemented and that the UK might be in a more favorable position than the EU due to Trump's support for Brexit.
- What is the general expectation among investors regarding Trump's tariff policy?
- Investors are betting that Trump will not follow through with his full tariff policy, believing it could be used as a negotiating ploy, although some tariffs are expected.
- What are some potential negative consequences for the UK due to potential tariffs?
- Experts warn that British exports of cars, Rolls-Royce aero engines, whisky, and medicines could be at risk due to potential tariffs, but the overall effect on UK GDP might be negligible.