USA

Can the UK recover from Covid-19?

– UK Q1 GDP figures expected to be catastrophic. Expect UK exports to have fallen back by up to one fifth in Q1. – Trade will not be the same after the COVID-19 Pandemic. – UK is now in strategic competition between blocs of interest – Russian, Chinese, American and European- Alongside weakening international governance The Q1 GDP figures this week will be to the economists what the daily Covid 19 death rate statistics have beeen to the medical profession.…

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Who cares about trade? Why the UK election suggests no-one does

Dr. Rebecca Harding CEO Coriolis Technologies By rights, the upcoming UK election should be an election about trade. “It’s the economy, stupid” was the message that won Bill Clinton the US presidency during the then-prevailing recession. And if economics matters to the British voting public, then this should be the one that counts. Economists are queuing up to say how much lower growth is now compared to where it would have been had the UK not voted to leave the…

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Quick Take: USA-India trade dispute

Ahead of a meeting with Piyush Goyal last Thursday, US commerce secretary Wilbur Ross has said India needs ”decisive action” for a trade deal with the US. The two countries have been in a trade dispute for many months, the US removing India from the generalised system of preferences (GSP), citing unequal access to the Indian market for US exporters. In retaliation, India has imposed tariffs on 28 US products. A trade deal between the two nations would be of…

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Where’s the beef? Why we aren’t out of the woods in US-EU trade talks just yet

On August 2nd, the US and the EU announced a trade deal. The two parties have been locked in discussions since Jean-Claude Juncker and Donald Trump agreed to work towards a free trade agreement in 2018. But on Friday, the EU agreed to buy 45,000 tonnes more hormone-free beef from outside of the EU over the next seven years. Around 80% of this beef will come from the US. This was announced to cheers and celebrations all round, especially on the Trump campaign trail. …

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US-China trade talks: no end in sight

Dr. Rebecca Harding, CEO As US-China trade talks resume this week, the spectre of global trade disintegration on nationalistic grounds looms ever larger. There is one month to strike a deal between the two countries before the 90-day ceasefire in tit-for-tat rhetoric expires. At stake is $200bn of Chinese exports to the US which will have tariffs of 25% imposed on them, as opposed to the 15% now. The Trump administration’s demands are that China buys more US goods, make…

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