Faisal Islam: The UK's Trump trade deal no longer looks world-beating
And so, Trump has now turned to accusing dozens of trade partners of trading in goods that have been produced using forced labour.These are "tariffs in search of an authority", as one industry figure put it. The relationship with China has been a balancing act for the government.This is also one of the global stories of the tariff wars. As the US repeatedly changes its rationale for tariffs, the rest of the world is focused on trading with each other.
- ▪And so, Trump has now turned to accusing dozens of trade partners of trading in goods that have been produced using forced labour.These are "tariffs in search of an authority", as one industry figure put it.
- ▪The relationship with China has been a balancing act for the government.This is also one of the global stories of the tariff wars.
- ▪As the US repeatedly changes its rationale for tariffs, the rest of the world is focused on trading with each other.
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Faisal Islam: The UK's Trump trade deal no longer looks world-beatingImage source, Getty ImagesByFaisal IslamEconomics editorPublished2 minutes agoIt has been a long road for President Trump as he looks for a justification to erect a tariff wall around the US, including against key allies.From the opioid crisis to illegal migration, then the need to bring manufacturing back to America's shores, the list goes on.Through Trump's second term, there has been a new justification every month for the trade levies he is seeking to place on allies.Some have been overturned by the courts, others by economics and some even by their own logic.
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