We are a nation of merchants abroad, so our ways of living depend on trading efficiently; Any change in the global trading system affects this efficiency, and since the United States is our largest commercial partner, it is very important to understand and promise to deal with any such changes.
In its recent analysis of the United Kingdom/United States, the National Statistics Office (ONS) notes: “President -elect Donald Trump has promised an increase in the United States’ tariff for its international trade. A product that the United States imports, as well as a higher tariff for imports from China, Canada and Mexico.
But what are the effects of the real possible word in the near -term to average, and what if anything could do it to deal?
Treasure Island
In 2023, the last year in which there is audited data, ONS stated that we imported about 58 billion pounds of goods from the United States (10 percent of all our imported goods) and export more than 60 billion pounds of goods (more than 15 percent of All exported goods).
Moreover, the United States is the largest import and export partner in the United Kingdom of Services (more than 57 billion pounds and more than 163 billion pounds, respectively).
So trade with the United States things – a lot.
But, of course, we are part of many broader trading networks, not the least of which is with the European Union and the Far East, so the hypothesis of the US tariff can have effects on commercial blocs and individual countries that are our commercial ties, more, second -class, second -class, antiquities We have.
However, these promises and demands (such as the best plans) may be based on the beaches of RealPolitik.
In reality
Companies all over the world must deal every day with changing conditions; The cost of doing business is a permanent source of concern, especially for the increasing number of companies that are trading on the Internet. For them, getting their goods for their customers safely, quickly and effectively, is very important.
This need to drive is supported by the global network of airlines, shipping operators and quick postal services that deal with a huge volume of goods around the world every day.
In a report issued by December 2024, Professor Jonathan Portz, professor of economics and public policy at King’s College College in London, said that the increased planned tariff would be “a severe shock to the global economy, including the United Kingdom.”
The report is also quoted by the National Institute for Economic and Social Research (NIESR), which claims that “measures will lead to half -growth, high inflation and high interest rates. NIESR said that the level of influence depends on whether the affected countries have made a retaliatory tariff.”
Finally, Liam Bern, the Labor Representative and Chairman of the Business and Trade Committee, who described the proposed definitions imposed on the United Kingdom as a “scenario on the Day of Resurrection”. Berne has argued that the government must request an exemption from the American definitions by offering it to tighten the internal investment examination program and enter more strict export controls.
On the other hand, there are many who believe that the effects will be improved or even not present; Once again, Michael Sonders of Oxford said the UK is not “in the line of confrontation for countries” that will be affected. Chancellor Rachel Reeves said that the United Kingdom will provide “strong representations” of the Trump administration, making the issue for free trade.
To emphasize the point related to second -class effects, the International Monetary Fund has warned that any trade war between the United States and senior exporters of the European Union, such as Germany, will have effects on the British economy.
Meanwhile, the European Reform Tank Research Center claims that the best way to move forward is that the UK “will be actively engaged with Trump and anticipation of potential mini communications, but it continues to give priority to deepening relations with the European Union.”
Therefore, perhaps, there are divided opinions and strong opinions – undoubtedly reflecting acquired interests and political tendency.
Of all, what can we do to ensure our trading networks continue to work near the nearby normally?
Risk
First, we need to remain a reliable commercial partner, which means that we need to support our current global networks by providing a safe, safe, reliable and effective goods.
In practical terms, we must ensure that our main infrastructure continues to work completely and operate at the height of efficiency – whatever happens with definitions, our partners must know that we can still import and export safely and quickly. Thus, our fast mail network is the key.
To give an example of the importance of the airport to this international system, Heathrow in London is approaching nearly three quarters of all air shipments in the United Kingdom, with an annual value of more than 200 billion pounds. It is a very important part of the UK’s global trading network and a major part of national infrastructure.
We are in general in general to deal with disorders of this type, but more importantly, global online business in countries that may be affected more more will find ways to ensure the delivery of their goods at a reasonable cost-trade goes beyond policy, and everyone must do so earn a living Therefore, solutions that reduce the cost of the consumer can be found.
In short, we must be optimistic with caution.
Our common language does not isolate us from the fluctuations of political transformations in the United States, but it easily allows us to form a more vital documentary trading with what is still the greatest economic power in the world.
