Hopes of a ‘Brexit benefit’ from tariffs were short-lived. Here’s what Trump’s pause means for the UK
- Written by Maha Rafi Atal, Adam Smith Senior Lecturer in Political Economy, School of Social and Political Sciences, University of Glasgow
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it would be suspending high tariffs on nearly 60 countries for 90 days.
The announcement is only a partial...