The US-UK trade pact, billed as a path to stronger growth and closer ties, is raising eyebrows among experts. According to Mattia Di Ubaldo, deputy director of the UK Trade Policy Observatory, a huge deal of uncertainty remains.
At the heart of the concern is a national security carve-out. Even with current tariff cuts on key goods and services, Washington retains the right to reimpose duties if certain imports are deemed a threat. That means businesses and consumers could face sudden price swings.
Why Global Citizens Should Pay Attention
- Investor Confidence: Unpredictable tariffs can make investors think twice about cross-border launches.
- Supply Chains: Digital nomads and enterprises relying on smooth logistics may run into unexpected costs.
- Sector Impact: From high-tech gadgets to agricultural goods, any product can fall under the security review.
Next Steps
As the text moves toward ratification, stakeholders will push for clearer rules on when and how the security clause applies. For now, buyers and sellers on both sides of the Atlantic are keeping a close eye on each policy update.
Reference(s):
US-UK trade deal harbors risks, major uncertainties loom ahead: Expert
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