Impact of Brexit on UK's Tariffs from the Trump Administration
The UK's Brexit from the EU has led to lower tariffs from the Trump administration compared to the EU, giving British companies a competitive edge in the American market. The UK is pursuing a calm and pragmatic stance to negotiate a trade deal with the US to avoid a trade war.
Key Points
- Lower tariffs due to Brexit
- UK's strategy to negotiate a trade deal with the US
- Avoidance of a trade war between EU and US
Pros
- Lower tariffs for UK compared to the EU
- Competitive edge for British companies in the American market
- Opportunity for the UK to negotiate a trade deal with the US
Cons
- Criticism from the opposition for not negotiating a deal with Trump earlier
- Potential roadblocks in negotiations such as UK's censorship laws