Britain picks unexpected profits from Trump's commercial war

The treatment of US President Donald Trump, preference for British exports, gives the country’s businesses a competitive advantage that can protect the economy from the worst effects of the commercial war in Washington, according to economic experts. Trump imposed 10% of customs duties on all imported British goods, which is the lowest percentage, as part of the customs tariffs imposed on “Tahrir Day” on America’s commercial partners in a move that shook the markets, which threatened to convert the entire global trading system. British businesses are more competitive with this, experts believe that the UK is among the countries that have a better situation as it gives a decline in customs duties that their manufacturers are a competitive advantage, and the government has the opportunity to ensure an agreement with the United States that gives it greater discount in fees. David Win, the administrative director of the Conmech Company, a steel engineering in northwestern England, told the BBC last Thursday that “the case will be much worrying for various industries, this is an opportunity for us” because “could be made” products in the United States than foreign competitors. He added: “We should actually be more competitive in the US market than we were a few years ago.” Trump wants to build a local American industry, but it will take some time and America will still need imports. A British American agreement on the fees the British government holds with the United States over a trade agreement aimed at lowering the basic fees of 10% or reducing the 25% fees on steel and British cars to 10%. The options on the table include dropping British customs duties on US agricultural products, canceling tax on US technology companies and agreeing on new technology regulations. Alan winters, commercial expert and honorary professor at the University of Sussex, said the direct impact of customs tariffs on the UK would be minimal. He added: “If one of your competitors hits another competitor with a greater power to beat you, you get a competitive advantage … If we reach a commercial agreement with the United States, our profits can increase.” The British economy .. modest losses on Friday estimated the “Sussex” Center for Comprehensive Trading Policy in a research article that the United Kingdom witness “modest losses” by 0.1% to 0.3% of GDP, and if the UK can reach an agreement with the United States, the economy “will make” positive profits of 0.1%. ” The research article added that the United States will “suffer more than any other country”. EY Parthenon said Britain has one of the best opportunities to come out with an agreement ‘which can give it a reduction in customs duties on British goods because of the balanced trade with the United States and Premier’s ratio, Kiir Sterher, strong with President Trump, and adds that the circumstances are a great extent. ‘Mexico and Canada where the two countries are subject to separate arrangements. Trump told reporters on Thursday that he believed that Starmer was “very happy because of the preferred treatment they had about customs duties. “It is useful and has some positive aspects for the UK, especially if other countries adopt retaliatory reactions, while the UK would not.” England bank to lower interest rates faster. He continued: “At the moment, the impact of customs duties seems to be more enlarged than inflationary for the UK, and it is useful for living levels and borrowing costs … Not all consequences are bad for the economy of the UK.” The global recession profits expected the markets after Trump has imposed Customs duties that the Bank of England will lower the interest rates three times this year, after expecting only two reductions in the past. However, the International Monetary Fund warned against a ‘major danger’ on the global economy, and the Bloomberg Economics Agency estimated that the direct impact of customs duties on British exports could lead to a reduction in GDP by 0.4%. Pearson estimates some possible profits for British and British companies in the medium term, but he warned that any profits could fade due to the global recession caused by commercial shocks or ongoing uncertainty.