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The European Union (EU) flies with the British Union flag, also known as Jack in London.
Jason Olden | Creative photos Bloomberg | Gets the image
In 2016, the UK voted for leaving the EU forced many businesses to Changing operations On the European continent, taking with it investment and quantity.
Fast forward to 2025, and 30% of US President Donald Trump’s retail tariffs at the EU, starting on August 1 if not reached a trade transactioncould return them.
“The UK may become a great indirect winner” if threatened in the US, according to Alex Altman, a partner and head of the German table in the Londar and Business Advanced firm Lubbock Fine.
“If the tariff rate for the EU is finally located around this level of 30%, then much lower UK tariffs offer a serious incentive for EU companies to move part of production to the UK or expand its existing UK objects,” he said in the comments.
Range Rover Sport Sup at the production line at the automotive plant in Solikul, UK
Chris Ratcliffe | Bloomberg | Gets the image
“The UK after Brexit has a lot of spare production capacity. The large gap between the tariffs and the EU will be the main opportunity for the UK to return some lost status as the main European production center,” added Altman, which is also Vice -President of British Commerce in Germany.
As everything stands, the UK has already concluded a trade agreement with the US, which reduces cars to 10% and gives it the lowest duty on the steel import. In London, there is also a “reset” from the EU, after the Labor government under Prime Minister Kayr Starmer, who opposed Brexit-raised a trade agreement after years after the referee.
Post-Brexit trading landscape
A sweet place in which the UK will now turn out after a few years of uncertainty and anger for business as they tried to go into the world after Brexit more red tape and export barriers.
It was a constant admiration for the exporters, given that the 27-year-old EU remained the largest trading partner in the UK after Brexit was finally accepted in 2020. The EU consisted of more than 50% of foreign trade in Britain in 2024, in 2024, in 2024, in 2024, in 2024, in 2024, in 2024. According to the European Commission.
A number of large enterprises and especially financial services firms such as Goldman Sachs and JPMorgan sought to avoid multinational Landscape complexity after Brexit Moving operations and assets to other financial centers to the EUFor example, Dublin, Paris, Amsterdam and Frankfurt. The outcome was ultimately not as dramatic as it was originally afraid.
Proponents and critics argue for the merits and shortcomings of Brexit and divorce with the single market and the EU Customs Union, as well as free movement of goods and people who came with membership in the EU. However, most economists agree that Brexit knocked out exports to the UK, jobs and economic growth.
The budgetary responsibility department, the UK independent forecaster, estimates that exports and imports will be nearby On 15% below Ultimately, compared to when the UK remained in the EU.
Although economists argue about the impact on the broad economy, Usually agrees that the UK GDP is approximately 5% lower than it would beIf Britain did not vote for leaving the block.
Tariffs in the wind? Not so fast
While the UK is fond of its new harmony with its American and European business partners, the degree of any sails that result from the US trade pain.
It remains unclear whether Trump is planned for a 30% tariff for the block actually going forward on August 1. The Mercury of the US president means that the final collection rate may increase – it has previously threatened the tariff by 50% – either below, to the level of 10% pursued by the EU.
Not everyone agrees that the UK can take advantage of trafficking in the EU, regardless of the results of the talks between Brussels and Washington.
“First of all, 30% of the EU tariffs are not given,” said Karsten Nickeel, head of TENEO Director last week CNBC, noting that any potential changes in business investment from Europe are unlikely to happen.
President Donald Trump is present at a bilateral meeting with the President of the European Commission Ursula von der Leyen during an annual meeting of the 50th World Economic Forum (WEF) in Devos, Switzerland, January 21, 2020.
Jonathan Ernst Reuters
“If we talked about moving production facilities from Europe to the UK because the UK is dealing with the United States-Time Horizon for this is long, if not a ten-year, some time horizon,” he said.
In addition, Nickel noted that the UK force remains in financial services, not in production, which remains more common in export-oriented countries such as Germany and Italy.
“The reality is that the comparative benefit of the UK is not in the production of high-end … Therefore, the idea that you are going with these things you are now producing, say, Germany and Switzerland, and you will move it tomorrow to the UK … It’s just not a decision that a business leader in Europe can make so,” Nickel said.
