Think the US-UK trade deal is smooth sailing? Think again. 🌊 A top trade expert has sounded the alarm, warning that the agreement remains shrouded in 'major uncertainties' and political risks that could shake global markets.
📉 Tariff Tensions Aren’t History Yet
Mattia Di Ubaldo, deputy director of the UK Trade Policy Observatory, highlights a critical red flag: Washington could slap tariffs back on UK imports at any time if they’re perceived as a threat to US national security. 'Even with current reductions, there’s no long-term guarantee,' he told reporters.
🛑 The 'America First' Ghost Haunting Trade
The lingering specter of protectionism—think 'America First' policies—adds volatility to negotiations. For young entrepreneurs eyeing transatlantic startups or investors betting on UK exports, this unpredictability could mean higher costs and planning headaches. 💼⚡
Di Ubaldo’s warnings come as a reality check for businesses banking on post-Brexit trade wins. Analysts say the deal’s shaky foundation could also ripple through supply chains in tech, agriculture, and green energy sectors.
🌍 Why This Matters Globally
With the US and UK ranking among the world’s top economies, their trade moves impact everything from your morning coffee prices to EV battery supplies 🔋. Stay tuned—this high-stakes negotiation might just reshape global trade rules.
Reference(s):
US-UK trade deal harbors risks, major uncertainties loom ahead: Expert
cgtn.com