Hosted by UK Trade Policy Observatory · EN

The US Government has put tariffs front and centre of its economic policy since Trump's second administration began at the start of last year. After implementing tariffs in April 2025, the US has subsequently raised and lowered tariffs and negotiated exemptions and add-ons for different countries and different sectors. In February this year, the implementation of the ‘Liberation Day’ reciprocal tariffs was ruled illegal by the US Supreme Court, and a flat rate tariff of 10% was applied under different legal act. In this podcast, we discuss the net result of these past 12 turbulent months, looking at how trade has responded to the tariffs and the potential longer-term effects of tariffs to the world trading system. To address these questions, are Jun Du (Aston Business School / Centre for Business Prosperity), Emanuel Adam (BritishAmerican Business), Tim Figures (Boston Consulting Group) and our host Chris Horseman (Borderlex).

President Trump’s keen concern for the US’s substantial trade deficit with the rest of the world played a key role in driving the US tariffs imposed last year, which have disrupted trade and upended the international rules-based trade system. In this episode we ask why is Trump so concerned by a trade deficit, how worried should a country be if it is importing more than it exports, what are the economics that underpin the international trade balance sheet, and how much does it matter? To discuss these questions, are Alasdair Smith (CITP / UKTPO / University of Sussex), Soumaya Keynes (Financial Times), Neil Shearing (Capital Economics) and our host Chris Horseman (Borderlex).

In today's episode, we examine the result of the World Trade Organization's recent ministerial conference in Cameroon, MC14. It ended with no agreement on WTO reform, and no agreement either to continue a long-standing moratorium on imposing import duties on electronic transmissions. Where does MC14 leave the WTO as an organization? Joining this discussion with our host Chris Horseman (Borderlex) are Ana Peres (UKTPO / University of Sussex), Dmitry Grozoubinksi (ExplainTrade) and Marco Molina (Molina & Associates).

In this episode, we look at proposals for the UK to join a customs union with the EU. We clarify what is a customs union and discuss whether could it improve trade between the EU and the UK and boost to our economy, as well as what the EU’s position might be. Providing a clear assessment of the pros and cons of customs union membership between the EU and the UK are Michael Gasiorek (CITP / University of Sussex), Richard Rumbelow (Make UK), Anton Spisak (Centre for European Reform) and our host Chris Horseman (Borderlex).

This episode discusses the reset package under negotiation between the UK and the EU. Last May, the two sides agreed to align their regulatory systems in a number of sectors, aimed at minimising friction at the border, and thereby stimulating bilateral trade. It will include regulatory alignment for agriculture and food products, linking of emissions trading schemes, integration of the EU and UK electricity markets, and a youth mobility scheme. The trick is making these outcomes happen through detailed negotiations on regulatory policy. Eight months on from the summit meeting, and with a review of the UK-EU Trade and Cooperation Agreement set for this year, just how far have we got? How transformative will these negotiations prove to be for cross-channel trade in the affected sectors? With our host Chris Horseman (Borderlex); Emily Lydgate (CITP); Adam Berman (Energy UK); Kate Foster (Federation of Small Businesses).

Critical minerals are ‘critical’ to the manufacture of vital 21st century products as electric vehicles, mobile phones, solar panels, clean technology, and defence equipment. These mineral reserves are also found in considerable quantities outside of non-Western countries. China has been quick off the mark in building out the processing and manufacturing infrastructure that gives them supply chain dominance but creates risks of supply chain weaponisation. To reduce this dependency and risk, the UK, EU, US and others have all developed different approaches to securing access to these supply chains. In this podcast, we explore what some of these approaches are, their pros and cons, and what considerations must inform sustained global cooperation on critical minerals. Joining our host Chris Horseman (Borderlex) are Sunayana Sasmal (UKTPO / University of Sussex), Dan Marks (Royal United Services Institute) and Tim Figures (Boston Consulting Group).

In January, Trump threatened to impose tariffs on eight European countries who opposed his demand to take control of Greenland. Whilst this threat was later dropped, following discussions with NATO SC, what is the role of trade policy in the face of economic coercion? This podcast discusses the use of trade policy instruments in a coercive manner, the issues hanging over EU-US and UK-US trade relations, and where this positions the UK and the international rules-based trading system. Joining our host Chris Horseman (Borderlex) are Emily Lydgate (CITP), Allie Renison (SEC Newgate) and David Henig (ECIPE).

This episode of Trade Bites looks at competition and industrial policy. China's strong industrial policies and state-backed dominance have fuelled global competition. Recently, this has led to the US, Europe and developed countries, including the UK, implementing much more activist industrial policies to support their own producers and to ensure supplies of strategically important goods. Is a level playing field a luxury that we can no longer afford in these days of geopolitical contention, or is the pendulum swinging too far away from notions of open competition? To discuss these important points are Aditi Sara Verghese (World Economic Forum), Anne-Claire Hoyng (Prosus), Peter Holmes (UKTPO, University of Sussex) and our host Chris Horseman (Borderlex).

In today's episode of Trade Bites, we're discussing the Pan-Euro Mediterranean Convention on Rules of Origin (PEM) and whether the UK should join. The PEM makes it easier for UK firms to use inputs from the PEM countries and still get duty free access to the EU, and all the other PEM countries. Having left the EU, the UK is not part of the PEM. The UK Government has launched a consultation on whether or not the UK should accede. Would joining make trade easier for all our manufacturing businesses, or are there any downsides? Would it really make that much difference? And will other nations support the UK’s application if it does decide to apply to join PEM. It turns out the answers are not so straightforward. Listen to the podcast for straight talking (as opposed to straightforward) explanation with Michael Gasiorek (CITP), Anna Jerzewska (DSV / EuroCommerce), Alessandro Marongiu (SMMT) and our host Chris Horseman (Borderlex).

What does the British public think about trade? In a democracy, what people think or feel about any area of policy really matters. Trade policy is an external wing of economic policy, and everyone cares about whether the government's actions are making them richer or poorer, but we also care about how trade is interlinked with climate change, the environment, food standards, or animal welfare. In this episode, our speakers provide insights and analysis on what the public thinks about trade, how we know what the public thinks and whether their views are listened to. With Alan Winters (CITP), George Holt (Trade Justice Movement), Liam Campling (Queen Mary University London) and our host Chris Horseman (Borderlex).