UK suspends some tariffs to help firms cope with Trump’s trade war
UK suspends some tariffs to help firms cope with Trump’s trade war
Right approach, IMO. Let America fight its suicidal trade war. The rest of the world can trade freely!
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Under the tariff plan announced Sunday, the products that will now face zero import duties when entering the U.K. also include pasta, canned pineapples, fruit juice, coconut oil, plywood and plastics.
It's definitely an interesting approach - if Europe and other countries scrapped/lowered tariffs it could help invigorate world trade and keep costs down for ordinary folk. It might also help sideline the US.
UK EU free trade agreement by the back door. Nice try Keith, nice try. Top marks for effort.
This is it. The temptation to slap on reciprocal tariffs is obvious but it's generally self-defeating. Much better to do things this way and free up trade elsewhere.