The UK's anticipated trade deal with India has gained momentum amidst escalating global tariff wars initiated by President Trump. Jim Brown from Blick Rothenberg emphasizes that the uncertainty created by these trade policies has prompted UK negotiators to prioritize long-delayed agreements post-Brexit. Businesses are calling for reduced trade friction to maintain cost-efficiency for consumers, especially as existing tariffs disrupt international trade. While the UK-India deal nears completion, further agreements with other nations, like China, are also suggested to ensure effective cross-border partnerships.
It has taken this government and the last a long time to progress the trade deals that were promised post-Brexit. They are very complicated to negotiate, but perhaps the current debates around tariffs and the uncertainty this is causing for businesses has helped focus attention - and more deals may now follow.
Making cross-border transactions as frictionless as possible can only be of benefit to British consumers.
The Government needs to use the current situation to complete the trade deals they've been discussing since Brexit, and come up with new ones.
With Trump's tariffs disrupting global trade routes, UK businesses are seeking new, stable partnerships to ensure frictionless cross-border trade.
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