Free Thinking: Can Trump’s trade deal turn the UK economy around? May 12, 2025 In this week’s edition of Free Thinking, City AM Opinion and Features Editor Alys Denby ask if Donald Trump’s free trade deal is the answer to Britain’s economic woes or a political gesture that leaves us worse off?
China and US announce 90-day pause on tariffs May 12, 2025 China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout to President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that [...]
UK trading partners: China returns to top 10 as EU trade slumps May 12, 2025 China has returned to become a top 10 UK trading partner for the first time since 2022 after a slump in trade activity with the European Union. China is now the eighth largest trading partner for the UK, after countries like Ireland and Italy have declined significantly in popularity, data from Santander’s latest Trade Barometer [...]
Government wants to ‘go further’ with US trading relationship May 11, 2025 The government wants “to go further in terms of the trading relationship with the US”, the Home Secretary has said, as an American economist warned the deal struck with Donald Trump this week “isn’t worth the paper it’s written on”. Joseph Stiglitz told Sky News that had the UK worked with the EU on a [...]
US and China resume tariff talks after Trump hails ‘great progress’ May 11, 2025 The US and China have resumed crucial tariff talks that have put the global economy on edge, with each side appearing to have diverging views of where the negotiations presently stand. President Donald Trump wrote on social media that “great progress” is being made and even suggested a “total reset” is a possibility as the [...]
US-UK trade announcement: “this isn’t a deal, it’s an amuse-bouche” May 9, 2025 The morning after the US-UK trade agreement was announced, experts are beginning to wrap their heads around what the deal entails, and reactions are trickling in. The overriding sense is that in the absence of any granular detail on what the deal means for several industries, there is still hope that the UK government can [...]
This is why the UK’s tech tax still riles Washington May 9, 2025 The UK and US have trumped a new trade framework aimed at unlocking growth between the two allies, but one key irritant remains notably unresolved: Britain’s tech tax or Digital Services Tax (DST). The two per cent levy, introduced in 2020 under Boris Johnson, continues to rankle American officials, particularly because it disproportionately affects the [...]
Bailey: Benefits of UK-US trade deal will depend on other agreements May 9, 2025 Bank of England Governor Andrew Bailey has heralded the trade deal struck between the UK and US as “good news”, but cautioned that the UK’s economic prospects will still depend on agreements the US reaches with other trading partners. Speaking at an event in Reykjavik, Bailey welcomed the partnership announced by Donald Trump and Keir [...]
Is the UK-US trade deal a win for Starmer? May 9, 2025 In what has been hailed by trade experts as “the biggest week for UK trade since Brexit,” the UK has struck the long-awaited trade deal with the US, just over a month after – so-called ‘Liberation Day’ – tariffs were announced. This is the US’ first bilateral deal since these tariffs were imposed. But it’s [...]
Why UK start-ups should act now to capitalise on Trump-era economics May 9, 2025 Despite short-term volatility from Trump-era economic policies, bold UK startups and venture-backed firms should capitalise on impending tax reforms and US-UK trade opportunities to gain a first-mover advantage in the resilient American market, says Tim Hames With more than 1,000 days left of his term, we are currently at something akin to “Peak Trump” in [...]