Donald Trump’s Trade Wars Put UK in Increasingly Difficult Position
Trump’s trade policies challenge UK’s economic ties with the US and EU
Donald Trump,
UK,
EU,
Brussels,
Keir Starmer,
Trade,
Tariffs
Trump is imposing tariffs on major trading partners like Canada, Mexico, and China. Now, he’s focusing on the EU and the UK. Dr. Piotr Jaworski from the University of Dundee says this puts the UK in a tough spot.
Trump has hinted that new EU tariffs are likely. However, he softened his stance on the UK, suggesting trade issues could be resolved.
Jaworski noted that the timing is critical. The US is the UK’s top partner for services trade. But the EU’s trade volumes are much larger than those with the US.
This situation makes it hard for the UK to balance relations with both the US and EU. The UK’s economy is much smaller, limiting its leverage.
Starmer’s recent visit to Brussels was significant. It was the first by a British Prime Minister since Brexit. This could signal a potential reset in UK-EU relations.
There’s hope for improved ties by spring, possibly leading to a UK-EU summit in April or May. EU leaders worry that Trump’s tariffs could create tension among Western nations.
Jaworski warned that choosing to align with Europe might have costs. Several UK industries could face US tariffs, including steel, whisky, and automotive sectors.
Trump’s comments suggest he might be open to better trade relations with the UK. Starmer’s upcoming trip to Washington in late February could be a chance to discuss solutions.