The UK’s trade performance remains dire

This month, the UK signed trade deals with India, the US, and the EU, which may not significantly improve its trade outlook, already worsened since Brexit and Donald Trump’s trade war. Despite marginal liberalizations, the UK’s trade performance has deteriorated, with exports of goods falling by 20% over five years, and for the first time in decades, exports have negatively impacted economic growth. The recent agreements, particularly with the US, maintain high tariffs, limiting competitiveness, and suggest a need for deeper EU integration and improved economic fundamentals in a challenging global environment.

Full Article